Nothing underneath, just straight on the plywood. Really can't remember exactly what I used. It was either two gallons or a gallon and additional quart. The gallon was tinted for sure, and perhaps the quart was left white. Did a base coat of everything in the white, then probably alternated between the white and blue on the inside until it was all used up. Want to say at least five or more coats on the inside. In any case, yes a tank can be sealed w/this stuff, however it's longevity has still not been proven. TheFishGuy built sumps and smaller tanks around the same time as I and had them running for longer and he said his started failing around the two year mark so that's something to think about. I may build a small tank just to see exactly how long drylok can go, but my next decent sized tank will most likely be done in sweetwater or some epoxy for more peace of mind.