So far, I agree with @Luaan's explanation of why, as an alternative solution for your loop, you can use Storyboardc DoubleAnimationon a Opacityproperty
private void Splash_ContentRendered(object sender, EventArgs e)
{
var sb = new Storyboard();
var da = new DoubleAnimation(0, 1, new Duration(TimeSpan.FromSeconds(1.5)));
da.BeginTime = TimeSpan.FromSeconds(3);
Storyboard.SetTargetProperty(da, new PropertyPath("Opacity"));
Storyboard.SetTarget(da, img_waves);
sb.Children.Add(da);
sb.Completed += (s1, e1) => this.Close();
sb.Begin();
}