Does Storyblok support dynamic links?

If you're looking for anchor links for lets say headlines it would be something to be implemented in your frontend which can take the current string of your headline and transforms it to a specific entry. One example would be Anchorjs: https://github.com/bryanbraun/anchorjs
If you're referencing to linking to other entries, using the link field we will update the referenced entry right away. We've also introduced something called "Resolve Links" which allows your developer to access linked entries without additional query: https://www.storyblok.com/cl/url-resolving