Thanks for the FAQ!

A few more questions though. Any idea on approximately how much STEEM is being converted to SBD each day for proposals?

According to my calculations Steem is inflating at around 8.6% / year so 84,793 STEEM / day multiplied by 0.10 is 8479.3 STEEM / day at $0.16 STEEM converted to SBD at $0.80 is approximately 1,085 SBD / day in the system?

When does it start paying out? Does it pay out on a daily basis or starts moving funds on an hourly basis?

It doesn't seem that any funds have moved from that @steem.dao account.