Consider a smaller exponential backoff

[shanefontaine]

Consider a smaller exponential backoff that will allow for up to 90% improvement in most cases where retries occur.

Possible implementation:

• Maybe update from 1s → 100ms
• Maybe add variance so that we do not constantly hit rate limits since all are at the exact same time.

Considerations

• Will a faster backoff actually work against us and cause more rate limits?

Reference

• ethers.js How does exponential backoff work? ethers-io/ethers.js#3252, who is a big proponent of randomized exponential backoff.