After getting into the rain with my bow, I always make sure to hang it in the basement with the dehumidifier. I crank that baby up to high, close the closet door and let it hum away for a couple of hours.

This normally raises the temp in the closet to about 85 degrees and drops the humidity level to darn near zero. It certainly gets all of the moisture out of those nooks and crannies. After that some good teflon lube for the axles and a good waxing for the string.