Is DeFi really decentralized?

Could you elaborate on the question "Is DeFi really decentralized?"? DeFi, or Decentralized Finance, has gained significant popularity in recent years as a way to facilitate financial transactions without the need for traditional intermediaries like banks or financial institutions. However, some have questioned whether DeFi truly embodies the principles of decentralization. For example, some argue that while DeFi platforms are built on decentralized blockchains, they may still be influenced by centralized actors, such as developers or validators, who have a significant amount of power over the platform's operations. Additionally, the use of smart contracts and other automated processes may limit users' ability to make decisions about their finances, leading to concerns about the level of decentralization in DeFi. What are your thoughts on this issue? Do you believe that DeFi truly embodies the principles of decentralization, or are there limitations that need to be addressed? How can we ensure that DeFi remains decentralized and empowers users to make their own financial decisions?