Very interesting that degens want to bet on hashrate!

In my defense, Perps are just futures without an expiry date.

This is true but use of the word "just" is a little misleading.
The lack of expiry date creates huge differences.

For example if I buy puts or calls options and the market doesn't move in my favor I will lose everything I spent buying the contract. This isn't true with perps unless my position gets liquidated. And speaking of liquidated... calls and puts CANT get liquidated, which is the biggest difference of all.

The fact that options can't get liquidated makes it much harder for market manipulators to bust aggressively leveraged positions. Perps make it much easier for centralized exchanges to cheat their clients using their own insider information to trade against degens.

Also, market makers that sell options contracts need to hedge their positions or they'll be open to insane amounts of risk. This is because crypto is volatile and the profit on selling such a contract is static/capped while the losses are theoretically limitless (on calls anyway). Perps do not have this problem because the bulls are hedged against the bears and the fund rate financially incentivizes balance (normally the longs paying the shorts yield via fund-rate).