I had been hoping to keep all of our APIs centralized in git and run the local (or cloud for our ENVs) from that repo, but it doesn't read any query/API/collection defs from file.
(Not to come off as demanding of OSS, it's a wonderful product, but unfortunately you have to dig deep to figure out the limitations.)
EDIT: Also, what I'd go with now is Thunder client for VS code leveraging API defs stored within each repo + the localized vars such as auth info.