I switched (from oil based) to Varathane water based clearcoat a couple of years back. Great product. You can build coats of clear very quickly and easily as it dries in something like 1/2 hr, and of course, cleanup is a breeze.
It says 2-4 hours between coats on the can, but it sure seemed to dry a lot faster than that.
Now I've got the bug to refinish a couple of old dressers I have. I had held off because of the horrible smell of traditional finishes.
One looks to be cherry. I have no idea what the other one is.