Other effects that apply to the permanent can still grant it any characteristics it doesn't have or change the characteristics it does have
If you manage to do this enough, you can systematically rob your opponents of their best abilities, from value engines like Solemn Simulacrum or Pitiless Plunderer to game-breaking threats like Terror of the Peaks
Stormchaser's Talent is one such Class: If it exits and then returns to play, you'll get a second 1/1 blue Otter token, and if it gained a level before being exiled it will be reset, and you'll be able to use the second ability to fetch an instant or sorcery from your graveyard a second time
When each card can win the game, youre nearly always ahead of the curve
While MTG Arena used to be limited in its formats, its really grown since its release in 2019
(All of this says nothing of the options for Commander, which is a whole other game of Triple Triad.)