Pillar describes itself as a non-custodial, open-source, and community-run wallet that is a gateway to DeFi & NFTs. The project's mission is to empower individuals by making money, markets, and services of the future accessible so people can participate in the new digital economy.

Pillar claims to be a user-owned and community-run crypto wallet. Through the participation in Governors' DAO, PLR token holders, who manage the DAO treasury, have decision-making power in shaping the future of the project and its products by voting on development, marketing, and business initiatives.

Pillar is intended to be an intuitive cryptocurrency management tool. It aims to be "the only wallet that users need" with a built-in DEX aggregator, fiat on-ramps, and WalletConnect to sign with Pillar to all dapps. It also provides free, instant and private transactions via off-chain payment channels.