I see no direct way to power up SBD inside of Steemit once received. I understand the 50/50 payout is beneficial now because SBD is supposed to be pegged at $1.00. However if you use the transfer function to convert SBD to Steem or Steem power, you can expect a $20 fee in the transfer (as I found out once using Blocktrades). Do you know a better method of powering up SBD to Steem Power?
Here's a current snapshot of the SBD to Steem ratio:
The actual price of SBD on CoinMarketCap.com is 3.51, but Steem is at 3.25. That ratio works out to about 92.6% But the blocktrades ratio of 1.028 to 1.0 works out to 97.3. The difference is about 4.7% which represents the fee. That's very steep.
I use the internal market.
Under the Steem Dollar drop down, market will take you to the internal market.
It says buy or sell Steem, not SBD which is a bit misleading. Not sure how to use this tool, but it looks similar to Bitshares which I am familiar with. Somehow, it seems reversed from what it should be. I assume one would use buy Steem and use the SBD in your own account?
This represents a fee of about 3.3% which is a little better, but still a bit steep and more confusing.