Zac Prince, widely known for his leadership during BlockFi's bankruptcy, has been appointed managing director of Galaxy Digital's new high-yield product, Galaxy One. The new offering promises an 8% APY on USD, a rate reminiscent of the 7.5% APY BlockFi advertised on stablecoins before its collapse. The article highlights the continuity of Prince's involvement in high-yield crypto products despite his past business failures, raising questions about the inherent risks and sustainability of such offerings.