Pillars of DeFi refer to the foundational components that support decentralized finance, a movement aimed at recreating traditional financial systems using blockchain technology.The first pillar is **Decentralization**, which eliminates the need for intermediaries like banks, allowing for direct peer-to-peer transactions.Next is **Smart Contracts**, self-executing agreements coded on blockchain. They automate transactions and ensure trust without needing a central authority.Another key pillar is **Transparency**, where all transactions are recorded on a public ledger. This openness fosters trust among users as they can verify activities independently.**Interoperability** is also crucial, enabling different DeFi platforms and protocols to work together, enhancing user experience and expanding functionality.Finally, **Accessibility** allows anyone with an internet connection to participate in financial services, breaking down barriers that often exist in traditional finance.Together, these pillars create a robust framework for financial innovation, aiming to democratize and improve access to financial services for everyone.