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insulates the system from the surrounding environment, preventing insulative oxide layer buildup, which increases resistance and signal loss. Although the dielectric lubricant is non-conductive, it still allows the microscopic asperities of the contacts to transfer signal and power, while filling in the valleys of the connectors where oxides and wear debris can form. Dielectric properties become especially important in multi-pin connectors, eliminating the possibility of a short between pins.
Its perfect for the job. I use white grease and never seen any problem afterward