Look up what WD 40 was invented for. Yes it lifts off water but it was in fact developed for long term Rust prevention of our ICB missiles sitting in silos all over the country." The reason I bring this up is because I'm not happy with using oil on my dies."
Steel that's not painted, plated, greased or oiled will rust. Oil your dies just as you oil your guns. It's both quick and simple to spray clean them before use with cheap carborator or brake cleaner.
WD-40 is great for what it's made to do and that is to lift water off wet steel so it can be wiped or evaporated dry without the surface rusting. It is NOT meant to be a long-term rust protector nor is it much of a lubricant. I spray guns down with WD-40 if it rains while I'm out but I follow up with a through cleaning and proper oiling when I get home.
WD-40 will leave a hard brown residue when it evaporates, only a few weeks at most. That thin 'varnish' actually impedes mechanical movement so it should NOT be used as a gun oil, especially on triggers. Nor on small motors such as those used in tumblers.
Water Displacement Formula #40 experiment.