I feel compelled to emphasize that CLEAR ACRYLIC can be purchased in several forms:
1. As a very watery varnish sold commercially under various brand names. The one I use is made by MINWAX and is labeled "Polycrylic Varnish." Note: it's intended for use as a "varnish" or protective coat but can also be used as a "medium" and mixed with tube/jar colors of acrylic to thin them. It is watery-thin and thinner than the Acrylic Medium, discussed in 2., next.
2. Acrylic Medium - also sold as a final "varnish" - which is sold under the same trade names as the paints and specifically formulated for use in thinning the paint colors. The varnish CAN be used in place of the medium, but usually has other additives that give it properties suited to its use as a final protective coating.
3. Acrylic Gel - a thickening agent intended to ADD BODY to the tube/jar colors, not to be used for "thinning" as is done with mediums or varnishes. It makes little sense to purchase the gel instead of the medium, and then thin the gel to use like a medium, although it's certainly possible to do it that way.
4. Acrylic Molding (Modeling) Paste - even thicker than the gel - and used to build even thicker paint layers than the gel.
While "thinning" usually implies making paint MORE FLUID, all of the above will work to "extend" the usefulness of a dab of color since they are all transparent once they dry - so if "extending the color" is what some people mean by "thinning" then yes, all of the above will give that effect - but with differences in the resulting film thickness once they have dried

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