bees wax for off season storage?

I am curious, does anybody know if a bees wax seasoning would help out protecting dutch ovens for over winter storage? I am wondering if perhaps it wouldn't help out with protecting the DO's from rust and perhaps also keeping the oil seasoning that I normally use from turning rancid. Does anybody have any experience in long term storage with bees wax seasoning and do you use it on both outside and inside of the pot? Obviously I have more questions than answers.
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