Just be aware that most waterborne finishes make walnut look very "cold"...blue-ish sometimes. Do a test piece first to be sure it's what you want the look to be. A light coat of wax-free shellac first will add just a touch of amber that will warm things up a hair without dramatically changing the "darkness" of the finish. And yes, walnut tends to get lighter in color over time from UV and oxidation, unlike many other species that tend to get darker over time.