Harmony plans to start distributing funds for the Horizon cross-chain bridge recovery starting in October, and the funds will be used to provide grants to participating partners who will direct funds to the recovery mechanism. Additionally, Harmony will be working with impacted DeFi partners as well as active organizations like Recovery One. In late September, Harmony released an update on the Horizon cross-chain bridge asset recovery proposal, stating that it does not recommend additional issuance of ONE, nor does it recommend changing the token economics through a hard fork of the protocol, but recommends that funds be used for recovery and the development of Harmony .