Realizing faster experimental cycle times is important for the future of quantum simulation. The cycle time determines how often the many-body wave-function can be sampled, defining the rate at which information is extracted from the quantum simulation. We demonstrate a system which can produce a Bose-Einstein condensate of
8×104 168Er atoms with approximately 85% condensate fraction in 800 ms and a degenerate Fermi gas of
167Er in 4 seconds, which are unprecedented times compared to many existing quantum gas experiments. This is accomplished by several novel cooling techniques and a tunable dipole trap. The methods used here for accelerating the production of quantum degenerate gases should be applicable to a variety of atomic species and are promising for expanding the capabilities of quantum simulation.
We investigate cooling mechanisms in magneto-optically and magnetically trapped erbium. We find efficient sub-Doppler cooling in our trap, which can persist even in large magnetic fields due to the near degeneracy of two Land\'e
g factors. Furthermore, a continuously loaded magnetic trap is demonstrated where we observe temperatures below $25\phantom{\rule{0.3em}{0ex}}\ensuremath{\mu}\mathrm{K}$. These favorable cooling and trapping properties suggest a number of scientific possibilities for rare-earth-metal atomic physics, including narrow linewidth laser cooling and spectroscopy, unique collision studies, and degenerate bosonic and fermionic gases with long-range magnetic dipole coupling.