Bergman's Formula. It's the best home-made fly fishing fly floatant ever devised. Ray Bergman, fly fisherman extraordinaire and also to the inventor. Yes, Bergaman's works pretty excellent as a chain lube also. Shave about half a bar of grocery store paraffin into a mason jar of painters naptha or Coleman fuel.

Let it dissolve over-night. Once your chain has been fully cleaned, soak chain in Bergman's for about an hour then take out and hang dry. I've hot-waxed chains for years but this method works just as good, maybe better because the naptha lets the paraffin soak through every nook and cranny of the chain and then the naptha evaporates.

Yeah, it's a wax-based lube but it is a "liquid".