How does 'Water Pump Lubricant' lubricate the pump?

I suspect that the additive contains silicon which mixes with the coolant. The coolant circulates around the back side of the exposed pump bearing and lubricates it. I believe this lubricant is becoming less popular and is hard to find since pump bearings are now fabricated as a sealed unit with permanent lubrication. I’d paid the devil to find a source since I maintain old style vehicles and the rebuilt pumps sold today just don’t last very long.