Dry, store without soakers, get NO rust**
**-more to it than this
So, I take care of two sets of blades, mine and DH's. Both are Coronation Dance. Procedure is, after skating we dry our blades and boots carefully and put on a big, thick soaker that covers the whole bottom of the boot/sole. When we get home I remove the big soakers, check the blades for nicks, and apply a dry, plain, blade-only soaker. I flip our big soakers inside-out to dry. I store our skates open to air all the time (this does have it's drawbacks, my hubby found a small spider in his boot yesterday-oops!!). Additionally, if I know we are not going to skate for a few days, I put a light coating of mineral oil on the blades before I apply the dry soakers. Our dry soakers are the type that has stiff nylon that is actually along the blade bottom, and I think they allow more air to reach the blade rather than having the terrycloth there, just a guess on my part.
My system works nicely, not only to keep the blades in good shape but also the soles stay nice and dry. I cannot stand to see skates with rotted soles...recently when I took my old skates in to have my blades switched to my new boots, the tech said, "Those soles are beautiful! You must take great care of them." I beamed with pride and my husband was cracking up. I enjoy caring for our skates and do actually take some pride in the fact that they are in great shape, smell good, etc. I know that people joke about neglecting their skates, but the reality is that it is not just aesthetic, it is a safety issue to have boots and/or blades in bad shape.