What are Htokens ?

as of 10/29/2022
HTokens can be considered receipt tokens provided to suppliers upon depositing crypto assets to the protocol.
They are at the core of the lending protocol as they are minted or burned whenever a user supplies or withdraws a crypto asset.
Every Htoken has a unique exchange rate that increases over time, making them exchangeable to a superior amount of their underlying asset. However, the numbers of hToken in the user’s wallet remain the same.
Each money market has its Htoken. And any action performed by a user, whether it be supplying, withdrawing, borrowing, repaying, or liquidating a position, is completed through interacting with an Htoken smart contract.