Water evaporates as does mineral spirits. Quality product formulation creates film resistance to the elements, to chemicals, and to wear and tear. Water-borne coatings are, indeed, used in all types of high performance paint finishes. Certainly, when the Rhinoguard is dry. Drying depends on the atmosphere.
Low humidity causes faster drying.
Low humididity and high altitude, are optimum for faster drying. Rhinoguard Wood Defense will also prolong the life of the varnish three to fivefold. Do not wait for a varnish top-coat to deteriorate. It will be very difficult to remove when preparing the surface in the future. When significant dullness appears, look to refinishing as soon as possible according to the directions for the varnish.