fix: switch from Math.max to Math.min on retry backoff calculation

Author: jviide

.changeset/olive-ghosts-help.md

@@ -0,0 +1,5 @@
+---
+"@badrap/libapp": patch
+---
+
+Switch from Math.max to Math.min on retry backoff calculation

src/api/index.ts

@@ -219,7 +219,7 @@ export class API<
           if (attempt >= maxRetries) {
             throw new UpdateFailed(err);
           }
-          const backoff = Math.max(backoffStep * 2 ** attempt, maxBackoff);
+          const backoff = Math.min(backoffStep * 2 ** attempt, maxBackoff);
           await sleep(backoff * (1 + Math.random() * jitterFactor));
           continue;
         }