Your ISP gives you an IP address for your use, For this example lets say that number is 210.210.210.5. You want an easy to remember address such as stimpson.dyn.com so you don't have to remember the 210.210.210.5 number. With the DDNS service on your router it lets DYN.COM know that your home IP address is currently 210.210.210.5 so stimpson.dyn.com is connected to that address.
Understand that.
Now because your ISP often changes IP addresses, your home IP could change tomorrow to 210.210.210.120, when your router detects this change of IP it updates using its DDNS app your DYN.COM account, so that even though your IP changed, if you go to stimpson.dyn.com still gets you to your home, meaning you can still access your security cameras and other servers without needing to reconfigure everything for the new IP address.
I think its only for servers, and usb connected drives, not the cameras. I can only view my cameras with their respective apps. In their apps is where the DYN.com settings are.