How does the Steem Power -> Steem conversion rate work? From what I understand the conversions from powering down take place once every two weeks in equal increments for two years. Does each conversion over the two years use the rate when you initiate the power down? Or does it adjust to the current rate at each payment? For that matter, what is the conversion rate from Steem Power to Steem?
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Not sure on the conversion but it would be the adjusted rate, which should be better than the initial.