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Crater Lake is a caldera lake in the U.S. state of Oregon . It is the main feature of Crater Lake National Park and famous for its deep blue color and water clarity. The lake partly fills a nearly 4,000 feet (1,220 m) deep caldera that was formed around 5,677 (οΎ± 150) BC [1] by the collapse of the volcano Mount Mazama . On June 12 , 1853 , John Wesley Hillman was reportedly the first European American to see what he named "Deep Blue Lake" in Oregon. The lake was later renamed Crater Lake. [2] Crater Lake is known for its famous piece of driftwood named the " Old Man of the Lake ." It is a full-sized tree that has been bobbing vertically in the lake for more than a century. [3] Due to the cold water of the lake, the tree has been rather well preserved. While having no indigenous fish population, the lake was stocked between the years of 1888 and 1941 with a variety of fish. Several species formed self sustaining populations that exist in the lake to this day. [4] The commemorative Oregon State Quarter , which was released by the United States Mint in 2005 , features an image of Crater Lake on its reverse side.