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The best type of paint to use for chain link fences is an oil-based paint. Oil-based paints are durable and will withstand the elements well. Search for an oil-based paint with rust protection and aluminum flakes to further protect the longevity of the fence.

Wood stain is typically dry to the touch within 6 to 12 hours, but it is not fully cured at this point. You should wait at least 24 hours before applying a second coat or a protective finish. For surfaces like decks, avoid walking on them for at least 24 to 48 hours, and wait even longer before placing furniture. The full curing process can take from 24 hours to one week, depending on the type of stain. Factors like high humidity and cold temperatures can extend drying and curing times, so it's wise to allow for extra time in these conditions.

Wood stain does go bad, but it will last in the can for between three and six years, provided you use proper storage techniques. Storing wood stain in open containers or in extremely low or high temperatures will cause your wood stain to become unusable much more quickly. Water- and latex-based wood stains typically last for just two to four years, while oil-based wood stains can last for three to six years.

You can apply stain over peeling stain, but it’s not a good idea. Your old stain will get in the way of your new stain bonding to the wood, so you’re likely going to see the same issue again shortly after application. Your best option is to sand off the old stain and clean the surface thoroughly before applying new stain.