You're being paid 5.07% to absorb price risk. Only ~5.07% of it is real fees — and they stop covering impermanent loss if ETH-WLFI diverges more than ±92%.
Real fee/staking yield: 5.07% · token emissions: 0% of the headline.
Break-even fact: a ±92% move in ETH-WLFI erases a full year of the fees you actually keep (~5.07%). 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.