Delegation Rewards

I’m wondering if anybody has any insight into how the AVAX delegation reward % might change over time. On https://info.avax.network/, it says that:

“Staking rewards are subject to dynamic changes as the system evolves. For the first year, the annual staking reward will initially target a minting rate between 7% and 12%.”

Does anybody have an idea of whether the max APY will generally increase, decrease or stay the same after the first year?

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The max APY is about 11.06%, as per the codebase. On Avascan, we’re in the process of implementing a Supply page that includes this data and forecasts.