Here’s a vibrant color palette based on your query featuring bright yellow, sky blue, white, coral, and soft lavender:

### Color Palette: "Sunny Serenity"

1. **Bright Yellow**
   - **Hex Code:** 
                            
                            #FFEA00
                        
   - **Description:** A radiant and cheerful shade that evokes feelings of happiness and warmth, perfect for adding a touch of sunshine to any design.

2. **Sky Blue**
   - **Hex Code:** 
                            
                            #87CEEB
                        
   - **Description:** A light and airy blue reminiscent of a clear sky, bringing a sense of tranquility and openness to the palette.

3. **White**
   - **Hex Code:** 
                            
                            #FFFFFF
                        
   - **Description:** The purest form of color, symbolizing simplicity and cleanliness, providing a perfect backdrop that enhances the other vibrant colors.

4. **Coral**
   - **Hex Code:** 
                            
                            #FF6F61
                        
   - **Description:** A lively, warm hue that blends the energy of orange with a hint of pink, adding a playful and inviting touch to the palette.

5. **Soft Lavender**
   - **Hex Code:** 
                            
                            #E6E6FA
                        
   - **Description:** A gentle and soothing shade of purple, evoking calmness and creativity, balancing the brightness of the other colors.

### Palette Summary:
The "Sunny Serenity" palette combines lively and soft tones to create a harmonious balance of energy and tranquility. The bright yellow and coral provide dynamic warmth, while the sky blue and soft lavender offer a serene contrast. White ties everything together, making this palette ideal for cheerful, uplifting designs that aim to inspire joy and peace.