My bandsaw is setup for running coolant, but I always run it dry. And I never use lube/oil on the blade. For occasional home use (10 cuts a day?) I don't really see the need. On my old saw (smaller blade) I used to use stick wax lube on the blade, but when talking to the manufacturer of my new saw, they actually suggested NOT to use oil on the blade for general use, and had some caviots about using wax. And if I didn't want to deal with coolant, no problem running it dry, just disconnect the power to the pump. The blade is tight, very tight.
If I were in a shop running the saw for hours every day, I'd definitely be running coolant or lube of some sort. But for home shop use, I don't see the need, it's been a long time since I've dulled a blade. The last time I did, was when I accidentally tried cutting something that was very hard. Should have tested it first, it needed to be abrasive cut, not saw cut.
This was their quote:
It's not that you can't lubricate it, but the saw is designed to run without blade lubricant. The blade size is tight and additional oils and waxes can cause uneven tension on the blade. If you are going to use wax, I would just make sure to clean everything off after use to make sure no chips or wax remain on the pulleys, blade, and bearings.