You're being paid 13.3% to absorb price risk. Only ~13.3% of it is real fees — and they stop covering impermanent loss if SPX-WSOL diverges more than ±198%.
Real fee/staking yield: 13.3% · token emissions: 0% of the headline.
Break-even fact: a ±198% move in SPX-WSOL erases a full year of the fees you actually keep (~13.3%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.
Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.