If the bark itself is holding good by default I'm using linseed oil but in a heated bath.
- an old pan filled with raw linseed oil
- a metal cup filled with water placed inside the oil - the level of water is at the same as the oil
- place the slingshot inside - start heating
- keep the water below boiling point- somewhere between 80-100°C (sorry, Eu units, I know)
- I was using a device to measure temperature, but in practice it was somehow simplier
- after the wood starts leaking air bubbles (3-6 min) rotate the fork each five mins
- 15-25 min is usually enough even for a larger frame
- when ready you can wipe off the oil - if you don't have time just leave some oil on the surface, the whole process is working until the wood is warm
- when the wood is still warm you can also apply wax-turpentine coat or anything that's to your likeness
I suggest to make a test on a piece of course

Some thicker and more articulated barks are not prefer this method. Thinner ones are preferred. Also you can mix carving and stabilizing

The oiled bark might be shaped forward at some areas.
:wave:
just to clarify, you mean that you are warming water in a pan or pot, and you place a metal container with oil in it, into the heated water? Right?
Btw guys, beware of oil and wax, if it starts to burn (it shouldnt when u use the method Tremo described) dont pour water on it, never. It will explode into a fiery boom (I know it from my own experience, blew up our kitchen a bit when I was little

). Use a wet towel to smother the fire.