# How to Apply for STEP Allocations

**URL:** <https://forum.arbitrum.foundation/t/how-to-apply-for-step-allocations/23202>\
**Category:** STEP Applications & Updates\
**Created:** [April 15, 2024, 8:46am UTC](https://forum.arbitrum.foundation/t/how-to-apply-for-step-allocations/23202 "2024-04-15T08:46:37Z")\
**Posts on this page:** 1\
**Showing post:** 23

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**Author:** ![Boulder17](https://yyz1.discourse-cdn.com/flex029/user_avatar/forum.arbitrum.foundation/boulder17/32/9683_2.png) [@Boulder17](https://forum.arbitrum.foundation/u/Boulder17)\
**Post date:** [May 2, 2024, 6:35am UTC](https://forum.arbitrum.foundation/t/how-to-apply-for-step-allocations/23202/23 "2024-05-02T06:35:50Z")

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gm, Ondo Finance is excited to submit our STEP application for USDY:

> [@Ondo Finance: USDY LLC Step Application](https://forum.arbitrum.foundation/t/ondo-finance-usdy-llc-step-application/23593):
>
> Applicant information Name: Ondo USDY LLC Address (Headquarters): 500 W Putnam Ave Ste 400 City, State, Postal Code: Greenwich, CT, 06830-6096 Country: US Website: [USDY | Ondo Finance](https://ondo.finance/usdy) Primary Contact Name: Katie Wheeler Title: VP of Partnerships Country: US Email: Katie.Wheeler@Ondo.Finance Telegram: @Katie\_Wheeler Key Information Expected Yield: 5.20% APY as at 04/30/24 Expected Maturity: WAM is 111.36 days as at 04/23/24 Underlying asset: USDY is backed by a combination of US Do…

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