Jumped the string...
Sorry, I should've prefaced this with looking up recipes for homemade paste wax, the majority I've come across call for a drying oil like boiled linseed oil.
I pasted the clip above just to show the differences. So if you mix a drying oil with one of those waxes, what really happens? Can it still even get O2 to do its thing? If it does polymerize, what's going on inside the waxy finish?