You're being paid 0.10% to absorb price risk. Only ~0.10% of it is real fees — and they stop covering impermanent loss if SOL-PSOL diverges more than ±9.5%.
Real fee/staking yield: 0.10% · token emissions: 0% of the headline.
Break-even fact: a ±9.5% move in SOL-PSOL erases a full year of the fees you actually keep (~0.10%). 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.