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Oiler is a versatile borrowing and lending protocol capable of supporting various functionalities often associated with such platforms. Users can engage with siloed markets, where assets are independently managed, or shared margin markets, which combine multiple assets for a collective borrowing and lending experience. Currently, the platform lists different markets on the Base chain, a newcomer in the cryptocurrency space.
For users who are already familiar with major chains like Ethereum, Oiler offers a fresh landscape with promising incentives. Those looking for higher yields and interesting farming opportunities may find the Base chain particularly appealing due to its relatively low competition and emerging market presence.