The best chain lube by far is gear oil. The best method by far is a hot bath.
Before I found the joy that is x-ring chains I would pull my chain at the start of every riding season, soak and clean it in a tub of kerosene, hang it to dry, then place it in a used fryer I got at the thrift store for 5 bucks filled with 90w-140 gear oil, and turn it on until it got hot, let it cool, and then hung the chain to drip dry for a bit. I had chains outlast their sprockets doing this method lol. During riding season I would simply clean, ride around for a little to get the chain warm, and brush on more of said gear oil.
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