> For the complete documentation index, see [llms.txt](https://docs.horaos.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.horaos.com/defi/2.-cefi-and-defi/5-key-components-of-defi.md).

# 5. Key components of DeFi?

* Lending Platform
* Decentralized Exchange
* Derivatives
* Stable coins
* Payments Platform