I like the concept but I voted no. I really think it should be 90% gets burned for DEC (which is what the SPS gets paid out in), and the other 10% gets burned at a fee for early withdrawal. Imagine every time some tries to quick withdraw to take profit on a pump, the SPS gets burned instead of sold. Meanwhile, a pump would usually mean things are going well, so if they knock DEC down, it would likely get picked up quickly due to the discount from peg.
Also, I just think they fee needs to be higher. 10% might give people pause if something bad happens and they think they can quick sell and buy back cheaper. It could stop price dumps. 5% to save a month in crypto is nothing. Price could drop 30-40% in a month.
To be honest, a 10% fee was the thought that came to my mind when finding out about the proposal. I was stunned after reading the proposal to see a 1.25% rate being discussed. A premium needs to be charged, I would even argue that 10% isn't all that high for such a feature.