What is Staking Pool?

On a Proof-of-Stake network, staking pools allow multiple cryptocurrency stakeholders to combine tokens/coins in a collective pool in order to secure the benefits held by a larger, collectivized network stake. By combining computational resources, the individual stakeholders who choose to participate in a staking pool aggregate their staking power to more effectively verify and validate new blocks, which consequently increases their chances of earning a portion of the resulting block rewards.