Dharma is a San-Francisco based crypto startup building a "cryptobank". It makes it easy for users all over the world to deposit, withdraw and lend stablecoins. The wallet is non-custodial meaning that you are in full-control over your funds, Dharma can't access them.
Funds earning interest in Dharma are deposited into the Compound protocol, a decentralized lending protocol on the Ethereum Blockchain.