New Project SAFEFORGE launching in december that seems interesting, has anyone heard of it?

Hey everyone! Just wanted to share some details on a project I found called Safeforge which is launching in December.
Based on my research they’re technically asking experienced Traders to stake reputation with a pool of funds and share profits with the community. As they show success they get access to more funds in the pool.
Does that make it a Crypto Hedgefund?
Has there been any successful projects that have done this in the past?

The owners have been doxxed, the Dev has been posting about this sort of stuff for the last couple of years, he has a youtube page and was apparently high up in a silicon valley company where he raised some pretty large capital. Apparently the contract has also been audited.

They also have a trading bot in their telegram group which shows they know how to build applications.

Would love to hear what others in the community think about decentralized approaches to passive investing. Do you think the passive investment model can be successfully adapted to crypto?