Er, Sun, your original post said "Keep it out of the Refridgerator!!!!"
That's somewhat more than an opinion. My reply, and experience, is different.
A frig at 40 degrees is closer to the ideal temp (53 degrees) than a room at 78 degrees, according to my calculations, and after many years of living in Florida, I'd say heat is a major problem when it comes to storage of any liquid or foodstuff. As far as "damp" goes, that can be eliminated by sealing the liquids in a vacuum bag before refrigerating.
Cedar chests were originally built as "hope chests" to store and preserve linens (not foodstuffs) -- so I'm not quite sure what that point is.
All I will say is 53 degrees is the lowest on the spread--the middle core recommended tempeture is 71 degrees--again keep the e-liquid where you like--I gave my experience which after having to throw out 140 dollars worth of e-liquid is more then an opinion--it happened. So I am sharing my expericance.
And I might add that I am not the only one this has happened to on this Forum or others---so take the advise for what it is worth and by all means keep it in the refigerator -----Sun