I am not sure it would have to be that high to stay above $1 with a ten percent rate. The reason it had trouble before was that sbd market cap was too close to steem market cap. Now that steem is much higher that's not an issue anymore. If there was enough sbd out there that it could be a flight to safety currency it might start going up in crypto selloffs. I think with ten percent interest it would rarely dip below $1 unless steem fell below $100m market cap.
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10 percent would solve one problem but create another. You are right, it would rarely dip below $1 USD, but it would also not peg at a dollar either. We would likely see SBD pegged around $1.05-$1.10, which would also not be good (for different reasons).