DEFAULT is the value that will be inserted in the absence of an explicit value in an insert / update statement. Lets assume, your DDL did not have the NOT NULL constraint:
ALTER TABLE tbl ADD COLUMN col VARCHAR(20) DEFAULT 'MyDefault'
Then you could issue these statements
-- 1. This will insert 'MyDefault' into tbl.col
INSERT INTO tbl (A, B) VALUES (NULL, NULL);
-- 2. This will insert 'MyDefault' into tbl.col
INSERT INTO tbl (A, B, col) VALUES (NULL, NULL, DEFAULT);
-- 3. This will insert 'MyDefault' into tbl.col
INSERT INTO tbl (A, B, col) DEFAULT VALUES;
-- 4. This will insert NULL into tbl.col
INSERT INTO tbl (A, B, col) VALUES (NULL, NULL, NULL);
Alternatively, you can also use DEFAULT in UPDATE statements, according to the SQL-1992 standard:
-- 5. This will update 'MyDefault' into tbl.col
UPDATE tbl SET col = DEFAULT;
-- 6. This will update NULL into tbl.col
UPDATE tbl SET col = NULL;
Note, not all databases support all of these SQL standard syntaxes. Adding the NOT NULL constraint will cause an error with statements 4, 6, while 1-3, 5 are still valid statements. So to answer your question: No, they’re not redundant.