“…Understanding the current state and evolution of caldera‐forming magmatic systems is an important challenge because these systems exhibit diverse life‐cycles with a wide variety of hazardous eruptive scenarios (Cashman & Giordano, 2014; Wilson et al., 2021). Valles Caldera was formed by two rhyolitic eruptions that each deposited >300 km 3 dense rock equivalent at ∼1.6 and ∼1.23 Ma, respectively (Cook et al., 2016; Goff et al., 2014; Nasholds & Zimmerer, 2022; Wu et al., 2021). It is often considered the type example of a resurgent caldera with a central dome, Redondo Peak, that was uplifted within ∼54 Kyr of the last caldera‐forming eruption and peripheral post‐caldera rhyolite flows following the contour of its ring fracture (Figure 1; Kennedy et al., 2012; Philips et al., 2007; Smith & Bailey, 1968).…”