dToken is an interest-bearing aggregator, representing a pro-rata claim of a specific ERC20 token plus yields earned.
Users mint dToken to earn interest (i.e. deposit USDT and receive dUSDT in return). dToken can be transferred, traded, and redeemed at any time. dToken can attend to a variety of yielding protocols(i.e. Compound, Aave, etc.) and dForce PPP (Public-Private-Pool) (public pool for suppliers and private collateral pool accessible to verified borrowers only) for higher yield and better liquidity.
Users will receive dToken when they deposit a specific ERC20 token into the smart contract, which is redeemable at any time and represents a pro-rata claim of corresponding ERC20 token plus interest earned.