LUSDUSDT
LUSD / Tether USD
crypto

tl;dr Use Liquity and pull out $28,389 in cash while you wait
You might have heard this before but this would be my strategy if I was in your situation:
* Research Liquity v1 (v2 is different, not better, I have nothing to say about it yet)
* Look into a frontend you're comfortable using. I use InstaDapp (https://defi.instadapp.io/liquity)
* Understand the following: what I'm about to describe costs around $200 in fees and maybe around 0.5ETH in gas costs (though its come down a lot lately). It comes with a risk of loss of 9% if you're monitoring it and closer to 25% if you just set it and forget it
* Connect your wallet on InstaDapp. create a hosted wallet on their platform which you will use for this method.
* Transfer all your ETH into this new wallet
* Create a Trove
* Deposit your ETH into your Trove
* Take out an interest-free loan in LUSD. This is what costs $200.
* Swap the LUSD you get from tha loan for something like USDC
* Transfer it to Coinbase, Kraken, or wherever you use for your withdrawals
* Withdraw to your bank account

The way this protocol works is it holds an overcollateralized amount of ETH in an aggregate pool and allows people to take out interest-free loans backed by that collateral. It is "Unstoppable" in the sense that nobody can modify the code that's been running for years now, and the fees mentioned above go back into the community in the form of rewards for folks that are providing the stability. If ETH dips too low your trove gets liquidated and you just keep the cash you already have - this is where the risk of loss comes in, if ETH dips too low and you don't notice and deposit some more ETH into your trove to address the risk of liquidation then you will be liquidated.

The plus side is that if ETH goes up you get to ride that wave all while using the cash you pull out as a loan

tl;dr Use Liquity and pull out $28,389 in cash while you wait
You might have heard this before but this would be my strategy if I was in your situation:
* Research Liquity v1 (v2 is different, not better, I have nothing to say about it yet)
* Look into a frontend you're comfortable using. I use InstaDapp (https://defi.instadapp.io/liquity)
* Understand the following: what I'm about to describe costs around $200 in fees and maybe around 0.5ETH in gas costs (though its come down a lot lately). It comes with a risk of loss of 9% if you're monitoring it and closer to 25% if you just set it and forget it
* Connect your wallet on InstaDapp. create a hosted wallet on their platform which you will use for this method.
* Transfer all your ETH into this new wallet
* Create a Trove
* Deposit your ETH into your Trove
* Take out an interest-free loan in LUSD. This is what costs $200.
* Swap the LUSD you get from tha loan for something like USDC
* Transfer it to Coinbase, Kraken, or wherever you use for your withdrawals
* Withdraw to your bank account

The way this protocol works is it holds an overcollateralized amount of ETH in an aggregate pool and allows people to take out interest-free loans backed by that collateral. It is "Unstoppable" in the sense that nobody can modify the code that's been running for years now, and the fees mentioned above go back into the community in the form of rewards for folks that are providing the stability. If ETH dips too low your trove gets liquidated and you just keep the cash you already have - this is where the risk of loss comes in, if ETH dips too low and you don't notice and deposit some more ETH into your trove to address the risk of liquidation then you will be liquidated.

The plus side is that if ETH goes up you get to ride that wave all while using the cash you pull out as a loan