Nearly everyone here is somewhat bullish on Ethereum overall, and maintaining exposure to Ethereum while using yearn.finance can only be done through the Ethvault that is now closed. The Ethvault also takes on a somewhat riskier strategy by taking on debt in order to perform the strategy. My strategy drastically simplifies the process, while taking on zero debt.
Step 1.) allow Eth deposit on vault user interface
2.) eth is converted to ycrv and then staked using ycrv strategy all in a single zap on the vault page (too many steps right now for the conventional user)
3.) On harvest function, all ycrv profits are converted to eth. The vault interface may show something like (ycrv initial investment) + (eth profit generated)
4.) Upon withdrawal from vault, initial investment ycrv is converted back into eth and also batched with whatever percentage of the eth profit the strategy had generated.
In this strategy, no debt is taken on, and clearly the user does not get “total exposure” to eth with their initial investment, but they generate all profits in eth. This hourly buying in eth will generate significant buying pressure on the ethereum market. I would guess a large portion of those in the ycrv vault would possibly prefer this strategy, and also the user interface ease of just depositing eth in a single zap and withdrawing in eth in a single zap. It is not perfect but it avoids the debt process.