You do receive interest on your SP you are holding in your account, though I'm not exactly sure how much. Also the waiting period to power down was originally 2 years but now it is 13 weeks paid out weekly. 1 SP is worth 1 Steem always.
RE: I do not understand how can Steempower get more value over time.
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I do not understand how can Steempower get more value over time.