The invention discloses a dynamic polymer with a hybrid cross-linked network. The dynamic polymer contains common covalent cross-linking and dynamic covalent organic borate bonds. The dynamic polymerintegrates the respective advantages of the dynamic covalent organic borate bonds and the common covalent cross-linking, and polymeric materials of abundant structures and with diversified propertiescan be prepared by regulating the structures of reactants. The high dynamic reversibility of the dynamic covalent organic borate bonds in the dynamic polymer allows the polymer to present the functional characteristics of stimulation responsiveness, self repair performance; the common covalent cross-linking endows the dynamic polymer with certain strength and stability; moreover, based on the dynamic nature of the dynamic organic borate bonds, the dynamic polymer has the characteristics of energy dissipation and energy absorption and the good functions of damping, shock absorption, sound insulation, impact resistance, high toughness and the like. The dynamic polymer can be used for preparing damping and buffering materials, anti-impact protection materials, self-repairing materials, toughmaterials, force transducers, etc.