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RE: Explaining Steemit - Importance of Witness, Steem Power Delegation and Transacting on the Platform
Yea steem is inflationary. I'm not exactly sure what the interest rate is but they wanted to incentivise users to power up. Here is one article I found but it doesn't really answer the question. I think it might be like less than 1%
I have a feeling that originally there was some crazy compound interest before one of the forks. if you were to check out i had bought steem and powered up (at a super high price in terms of satsoshis but not dollars) and maybe doubled my steem power through interest alone.