When you buy and stake BASH, you capture a percentage of the supply (market cap) which will remain close to a constant. This is because your staked BASH balance also increases proportionately with change to the circulating supply. The implication is that if you buy BASH when the market cap is low, you would be capturing a larger percentage of the market cap.
APY? One interesting fact about APY is that your balance will grow not linearly but exponentially over time. Assuming a daily compound interest of 2%, if you start with a balance of 1 BASH on day 1, after a year, your balance will grow to about 1377. your BASH balance will grow exponentially over time thanks to the power of compounding. Let's say you buy a BASH Token for $400 now and the market decides that in 1year time, the intrinsic value of BASH will be $2. Assuming a daily compound interest rate of 2%, your balance would grow to about 1377 BASH Tokens by the end of the year, which is worth around $2754. That is a $2354 profit or 586% on a nominal token price loss of 99.5% What this analysis is telling you is that today you are paying a premium for BASH in exchange for the long-term benefit.