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I've seen a tip here on BF, for 'water-proofing' the pivot on Opinel folders (all-wood handles). It involves, at a minimum, using some petroleum jelly (Vaseline) to pack into, and seal the pivot. Other measures might involve using some wood sealer/varnish, like urethane or something similar, to seal the end-grain (do this before using the Vaseline). Doing something like either or both of these methods might work for your Puukko's handle. Whichever method you use, make sure it's completely dry before you start.
Maintenance HELP please!!
How do you prevent water soaking into a bolster with your puukkos?
When you say "soaking into a bolster", do you mean where the blade enters the bolster? Vaseline isn't going to help you with that.
Maintenance HELP please!!
How do you prevent water soaking into a bolster with your puukkos?
Vaikko Hakkarainen, the man who made your knife just recommends to rub the handle with some mineral oil occasionally and to not leave it out wet after use.
Personally, I do not recommend linseed oil for birchbark because it dries to a hard shell, which is good for wood but ruins the feel of that nice pliable birchbark.