Genie is a plaftorm for game developers to reward their players. You can give a reward for winning a competition. As a game developer you write the logic that rewards your users, and Genie provides an easy API to make it work. And also, you don't pay for the rewards.
Genie levarages the Ethereum Network, and reward users with stablecoins pegged to dollar. Now DAI is supported. Genie proposes a new funding model, in which game developers seting up a fund which interest rate is used to pay for the rewards. The fund earns interest by using the Compound Protocol.
A ping pong game where you win by beating the highest score, and winning the interest from the last high score. Each game costs 1$.
A chess tournament where to participate you lock 100$. When the tournament is done the winner will get the interest, and all the participants can unlock their money.