This occurred to me as a freebie idea. I try to keep my blades sharp but it is not just the cost but the time travelling back and forth to the store that irritates me.
I am sure anyone who has sent saw blades away for sharpening will have had them come back protected by an oily waxy substance like this. I have been keeping this material to melt down and protect my chisels after sharpening.
You will also see the red wax covering from Babybel cheeses. I plan to melt these as well in a similar operation, because I am sure they will provide similar protection.
All this was in anticipation of buying a diamond sharpening blade so that I can build a rig rather like this:
The wife might have had something to say if I used one of her pots, but I had the cast iron item from a garage sale.
It only takes a few minutes to melt the material. No need to boil!
Presto, the result. So simple.
When you use the chisel, slip off the protection and toss it back in the pan for the next sharpening session. I leave the wax solid in the pot because presently I have no other use for it. But if necessary it comes off easily enough with a putty knife after cooling.
When I have tested the Babybel wax I will report again.
I have enough material never to have to send a blade away again, quite apart from any other items that may need protection.
Hope someone else find this useful.
-- I wish I could sell my experience for half the price it has cost me.