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Origin of the Yellowstone Caldera. Caldera, which lies at the heart of Yellowstone National Park, is the tip of a huge volcano, which is in turn, bound to a hot spot.This is a fixed point within the earth's crust, where hot magma rises to the top. This accumulates below the earth's surface, thereby forming an underground magma chamber.aldera, which lies at the heart of Yellowstone National Park, is the tip of a huge volcano, which is in turn, bound to a hot spot. This is a fixed point within the earth's crust, where hot magma rises to the top.
A volcanic crater is a circular depression in the ground caused by volcanic activity. It is typically a basin, circular in form within which occurs a vent (or vents) from which magma erupts as gases, lava, and ejecta. A crater can be of large dimensions, and sometimes of great depth.During certain types of climactic eruptions, the volcano's magma chamber may empty enough for an area above it to subside, forming what may appear to be a crater but is actually known as a caldera. crater can be of large dimensions, and sometimes of great depth. During certain types of climactic eruptions, the volcano's magma chamber may empty enough for an area above it to subside, forming what may appear to be a crater but is actually known as a caldera.