Can Bot Activity Alone Generate Attractive High Yield?

A developer questions whether bot arbitrage activity alone can generate attractive yields on a new liquidity protocol featuring 1:1 liquid-locked derivative tokens. After testing on BASE with a memecoin, they observed minimal arbitrage activity ($1-$3 trades) yielding only 1.1-1.5% APY despite spreads up to 10%, attributing this to bots not being customized for the new protocol.