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Lending on Oiler allows users to earn Annual Percentage Yields (APYs) by providing liquidity to the platform. The available options range over various assets, revealing opportunities for users to lend at competitive rates. Additionally, Oiler participates in initiatives like Turtle Club, which enhances lending rewards and could lead to future airdrop incentives.
When it comes to borrowing, Oiler showcases an impressive selection of currency pairs. Users can borrow assets against others, attracting substantial returns especially with strategies like “looping” or “folding.” This method involves using borrowed assets as collateral in a reinvestment cycle, effectively maximizing the potential for yield generation.