diff --git a/docs/cow-protocol/affiliate-program/README.md b/docs/cow-protocol/affiliate-program/README.md
new file mode 100644
index 000000000..1c53cd2ca
--- /dev/null
+++ b/docs/cow-protocol/affiliate-program/README.md
@@ -0,0 +1,137 @@
+---
+title: CoW Swap Affiliate Program
+sidebar_label: Overview
+sidebar_position: 1
+---
+
+The CoW Swap Affiliate Program rewards affiliates and referred traders when referred wallets generate qualifying trading volume on CoW Swap. Rewards are milestone-based and paid in USDC.
+
+The program operates within a governance-approved framework with defined parameters, eligibility requirements, and enforcement rights.
+
+For operational details, see the [Affiliate Program FAQ](/cow-protocol/affiliate-program/faq).
+
+## Definitions
+
+- **Affiliate**: A participant who generates and distributes a referral code or link tied to their wallet
+- **Trader**: A wallet that activates an affiliate referral link or code and executes at least one qualifying trade on CoW Swap
+- **Attribution window**: The period during which a referred wallet's qualifying volume is attributed to an affiliate
+- **Qualifying volume**: Eligible trading volume on CoW Swap counted toward milestone rewards, subject to exclusions
+
+## Program Flow
+
+1. An affiliate generates a unique referral code tied to their wallet.
+2. A trader activates the code through a referral link or by entering it manually.
+3. The trader executes their first qualifying trade.
+4. The trader wallet becomes attributed to the affiliate.
+5. Qualifying volume is tracked during the attribution window.
+6. Rewards are distributed when milestone thresholds are reached.
+
+Attribution is wallet-based and not retroactive.
+
+## Initial Launch Parameters
+
+The program launches with the following default configuration:
+
+- Reward per milestone: `10 USDC`
+- Milestone volume: `250,000 USD` of cumulative qualifying volume
+- Attribution window: `90 days`
+- Maximum rewardable volume per referred wallet: `50,000,000 USD`
+- Rewards are paid weekly in `USDC` through batch transfers
+
+These parameters may be adjusted within governance-approved limits.
+
+## Attribution Rules
+
+- Each referred wallet may be attributed to only one affiliate.
+- Attribution starts when a trader activates a referral code and completes a first qualifying trade.
+- Only volume executed within the attribution window is eligible.
+- Volume executed before attribution does not count.
+
+Attribution logic is deterministic and wallet-based.
+
+## Qualifying Volume
+
+Qualifying volume includes eligible trades executed on CoW Swap during the attribution window.
+
+The program may exclude:
+
+- Economically non-meaningful swaps
+- Low-fee or zero-fee pairs
+- Artificial volume generation
+- Trades determined to be abusive or manipulative
+
+Eligibility rules may be refined within governance-approved parameters.
+
+## Rewards and Payouts
+
+Rewards are triggered when cumulative qualifying volume reaches the defined milestone thresholds.
+
+- Rewards are paid in `USDC`.
+- At launch, both the affiliate and the referred trader receive rewards when eligible milestones are reached.
+- Payouts are processed weekly, typically by Friday.
+- A defined data cut-off applies to each payout cycle.
+- Rewards may be withheld pending review if suspicious activity is detected.
+
+Payouts are executed as batch transfers.
+
+## Enforcement and Disqualification
+
+The program enforces anti-abuse protections to maintain protocol integrity.
+
+Prohibited behavior includes:
+
+- Self-referrals
+- Circular referral schemes
+- Sybil activity
+- Wash trading
+- Artificial volume generation
+- Misleading or deceptive marketing practices
+
+Program Managers reserve the right to:
+
+- Disqualify participants
+- Deny unpaid rewards
+- Withhold payouts pending investigation
+- Modify eligibility within approved parameters
+- Pause or terminate participation
+
+## Parameter Adjustments
+
+Certain program parameters may be adjusted within a governance-approved envelope.
+
+Adjustable parameters include:
+
+- Reward per milestone
+- Milestone volume
+- Attribution window
+- Maximum rewardable volume per wallet
+- Affiliate and trader reward split
+- Eligibility refinements
+- Volume exclusions
+
+Changes outside the approved envelope require a new governance proposal.
+
+## Program Term and Cap
+
+- The program operates for a 6-month term from the launch date. Renewal or material expansion requires a new CIP.
+- A hard incentive cap of `500,000 USDC` applies.
+- Once the cap is reached, no further rewards will be distributed.
+- The program may be paused or terminated in case of abuse, critical issues, or material risk.
+
+## Irreversibility and Finality
+
+- Referral codes and links are wallet-bound and permanent.
+- Wallet changes are not supported.
+- Attribution cannot be reassigned.
+- Rewards are calculated according to the program's eligibility rules.
+- Decisions regarding abuse and eligibility are final.
+
+## Support
+
+For support requests, please provide:
+
+- Your registered wallet address
+- Your referral code, if applicable
+- A transaction hash, if applicable
+
+Program updates and support are handled through the CoW Protocol Discord.
diff --git a/docs/cow-protocol/affiliate-program/_category_.json b/docs/cow-protocol/affiliate-program/_category_.json
new file mode 100644
index 000000000..d5c3c6d72
--- /dev/null
+++ b/docs/cow-protocol/affiliate-program/_category_.json
@@ -0,0 +1,6 @@
+{
+  "position": 5,
+  "label": "Affiliate Program",
+  "collapsible": true,
+  "collapsed": true
+}
diff --git a/docs/cow-protocol/affiliate-program/faq.md b/docs/cow-protocol/affiliate-program/faq.md
new file mode 100644
index 000000000..19943744e
--- /dev/null
+++ b/docs/cow-protocol/affiliate-program/faq.md
@@ -0,0 +1,277 @@
+---
+title: Affiliate Program FAQ
+sidebar_label: FAQ
+sidebar_position: 2
+---
+
+### Overview
+
+#### What is the CoW Swap Affiliate Program?
+
+A 6-month pilot program that rewards affiliates who refer new retail traders when those referred wallets generate qualifying CoW Swap trading volume. The program operates within a governance-approved parameter envelope and hard budget cap. It is not an investment scheme or brokerage arrangement. Rewards are provided solely for marketing and referral services.
+
+#### Who can participate?
+
+Anyone can participate by generating a referral code tied to their wallet and sharing it. Traders who use these codes or links and meet eligibility and jurisdiction requirements can be attributed as referred users.
+
+#### How do I apply?
+
+The Affiliate Program is open and permissionless.
+
+To participate, generate your referral link from the CoW Swap interface and start sharing it. There is no approval process required.
+
+You may join our [Discord server](https://discord.gg/cowprotocol) for support, updates, and community discussions. Participation in Discord is optional.
+
+#### How long will the program run?
+
+6 months from launch date. Renewal or material expansion requires a new CIP.
+
+### How It Works
+
+#### How do referral links work?
+
+Affiliates generate unique links or codes. A trader becomes attributed when they access CoW Swap via that link or code.
+
+#### Can I change my code/link?
+
+No. Once a code/link is created, it cannot be changed.
+
+#### When does a trader become attributed to me?
+
+A trader is "bound" to an affiliate for a maximum of 90 days from the first trade after clicking a link or entering a code manually and executing their first qualifying trade.
+
+#### How long does attribution last?
+
+Up to 90 days per wallet.
+
+#### Can one trader be referred by multiple Affiliates?
+
+No. Once a trader uses a referral link or code and completes their first qualifying trade, that wallet becomes attributed (or "bound") to that affiliate for up to 90 days. During that attribution window, the trader cannot be referred by another affiliate.
+
+#### When do rewards start counting?
+
+When the referred trader wallet reaches cumulative qualifying volume milestones.
+
+### Rewards
+
+#### How are rewards calculated?
+
+Rewards are paid in USDC when eligible referred trader wallets reach cumulative qualifying volume milestones. The current setting is 10 USDC per 250,000 USD in cumulative qualifying volume generated.
+
+Reward parameters, including milestone thresholds and amounts, may be adjusted within the governance-approved parameter envelope with public disclosure.
+
+#### What is a milestone?
+
+A cumulative qualifying volume threshold that, once reached, triggers a reward payout.
+
+#### What are the current reward settings?
+
+10 USDC per 250,000 USD in cumulative qualifying volume generated.
+
+#### Who earns rewards?
+
+Both the affiliate and the referred trader receive the reward amount of 10 USDC per milestone.
+
+#### Is there a maximum reward per wallet?
+
+Yes. Rewards cease once a referred wallet exceeds 50,000,000 USD in volume.
+
+#### Can reward parameters change?
+
+Yes, within the governance-approved "Parameter Envelope," with public disclosure and reporting requirements.
+
+### Eligibility
+
+#### What qualifies as a "new wallet"?
+
+A "new wallet" is a wallet that has never executed a trade via the CoW Swap UI before activating a referral link. Only these wallets are eligible to be attributed to an affiliate.
+
+If a wallet has already traded via the CoW Swap UI in the past, it will not qualify as a referred trader.
+
+#### Do trades on partner integrations affect "new wallet" eligibility?
+
+No. A wallet is still considered "new" if it has not traded directly on CoW Swap, even if it has executed trades via partner integrations that use CoW Protocol in the background.
+
+#### Are there jurisdiction restrictions?
+
+Yes. Participation is prohibited if located in, or a citizen of, jurisdictions listed on [cow.fi/terms](https://cow.fi/terms).
+
+#### What counts as a qualifying volume?
+
+Volume counted under a defined methodology and subject to exclusions (e.g., low-fee pairs, disallowed categories, suspected wash-trading).
+
+#### Are all swaps eligible?
+
+No. Swaps that are economically non-meaningful, below minimum protocol-fee thresholds, or excluded categories (e.g., suspected self-trading, certain stable-stable swaps, farming patterns) may not qualify.
+
+#### Is the Affiliate Program available on all chains?
+
+The program applies to all supported CoW Swap chains, except Ink and Sepolia.
+
+### Payouts & Tracking
+
+#### How and when are rewards paid?
+
+Rewards are paid in USDC on a weekly basis, typically by Friday. Payouts are distributed via batch transfers, with Ethereum Mainnet as the default payout chain.
+
+#### Are payouts transparent?
+
+Yes. Transactions are recorded on a public blockchain and visible to the community.
+
+#### Is there a minimum payout threshold?
+
+The minimum threshold to payout is 10 USDC. Balances below this amount will roll over to the next payout period.
+
+#### Can I change my payout wallet?
+
+No. The payout wallet is fixed and cannot be changed under any circumstances.
+
+#### What happens if I lose access to my wallet?
+
+Rewards are distributed on-chain to the registered wallet. If you lose access to your wallet, the program cannot recover previously distributed rewards.
+
+If access is lost before payout, please contact the team immediately. While we may attempt to review the situation, recovery or changes are not guaranteed.
+
+#### What if I believe my rewards are incorrect?
+
+1. Share your wallet address, never private keys.
+2. Share your referral code.
+3. Provide relevant transaction hashes.
+
+Post this in the Affiliate Discord channel so the team can review.
+
+### Volume & Rewards Nuances
+
+#### Is volume counted gross or net of fees?
+
+Volume is counted gross of fees.
+
+#### Is volume calculated in USD at time of trade?
+
+Yes. Volume is calculated based on the USD value of swaps at execution time.
+
+#### Are partially filled orders counted?
+
+Yes. Only the filled portion of the order counts toward volume.
+
+#### Do limit orders count?
+
+Yes. Limit orders are eligible and count toward volume when filled.
+
+#### Do cross-chain swaps count?
+
+Yes. Cross-chain swaps are included in qualifying volume.
+
+#### Are failed or reverted transactions counted?
+
+No. Only successful trades executed on-chain count toward qualifying volume. Failed, reverted, or canceled transactions do not count.
+
+#### What if a trade is later canceled?
+
+Canceled trades do not count. Only successfully executed swaps are included in qualifying volume calculations.
+
+### Abuse & Disqualification
+
+#### What counts as self-referral?
+
+Self-referral includes referring a wallet that you directly or indirectly control, or participating in circular referral schemes designed to generate rewards from your own trading activity.
+
+#### Can I refer wallets I control?
+
+No. That would classify as "self-referral" and is not allowed.
+
+#### What happens if I'm flagged for abuse?
+
+The program reserves the right to:
+
+- Disqualify participants
+- Deny unpaid rewards
+- Pause payouts
+- Restrict or terminate participation
+
+A forum notice may be published in case of material program changes or pauses.
+
+#### Will unpaid rewards be clawed back?
+
+If abuse or fraud is suspected, unpaid rewards may be denied.
+
+#### Can rewards be retroactively revoked?
+
+Once rewards have been distributed on-chain, they cannot be reversed due to the nature of blockchain transactions.
+
+However, the program reserves the right to disqualify participants and deny any unpaid rewards in cases of fraud, abuse, or violation of the Terms. Future participation and payouts may also be restricted.
+
+### Dashboard and Reporting
+
+#### Is there an affiliate dashboard?
+
+Yes. You can see the affiliate dashboard here: [swap.cow.fi/#/account/affiliate](https://swap.cow.fi/#/account/affiliate).
+
+#### What can I track as an affiliate or trader?
+
+Traders: Go to [swap.cow.fi/#/account/my-rewards](https://swap.cow.fi/#/account/my-rewards) to see your all-time earnings.
+
+Affiliates: Go to [swap.cow.fi/#/account/affiliate](https://swap.cow.fi/#/account/affiliate) to see your referred volume, referred traders, and all-time earnings.
+
+#### How often does the rewards data update?
+
+Rewards data updates every 24 hours at 02:00 UTC. Data may be delayed and should not be considered real-time.
+
+#### Where can I see my expected rewards?
+
+Traders: Visit [swap.cow.fi/#/account/my-rewards](https://swap.cow.fi/#/account/my-rewards) to see:
+
+Expected rewards for the next payout cycle  
+Past payout amounts
+
+Affiliates: Visit [swap.cow.fi/#/account/affiliate](https://swap.cow.fi/#/account/affiliate) to see:
+
+Expected rewards for the next payout cycle  
+Past payout amounts
+
+#### Where can I see my payout history?
+
+Payout history will be visible in your account page. All payouts are recorded on-chain.
+
+### Communication & Support
+
+#### Where will affiliate updates be shared?
+
+All official Affiliate Program updates will be shared in the Affiliate Discord channel.
+
+#### Is support available?
+
+If you have questions about:
+
+- Tracking
+- Rewards
+- Attribution
+- Payouts
+
+Please post in the dedicated Affiliate Discord channel.
+
+#### How do I request support?
+
+When contacting support, please provide:
+
+- Your wallet address
+- The referral code you are using, if relevant
+- A transaction hash, if reporting a specific issue
+
+This allows us to locate your referral data and investigate efficiently. Requests without a wallet address may not be reviewed.
+
+#### What materials are available to me as an Affiliate?
+
+Affiliates can access to a dedicated Discord channel (`#affiliate-program`) where they'll be able to find:
+
+- Brand kit (logos, approved assets)
+- Launch assets
+- Program updates and parameter changes
+
+Materials are updated periodically.
+
+#### Can I run paid ads with my referral link?
+
+Affiliates must comply with the program's conduct rules.
+
+Misleading claims, spam, or "guaranteed income" language are strictly prohibited. Paid advertising may be subject to additional review and compliance requirements depending on jurisdiction and platform rules.
diff --git a/src/css/custom.css b/src/css/custom.css
index 4e01c3174..d7d7410a2 100644
--- a/src/css/custom.css
+++ b/src/css/custom.css
@@ -156,4 +156,32 @@ html .menu_node_modules-\@docusaurus-theme-classic-lib-theme-DocSidebar-Desktop-
 
 div.theme-doc-markdown > div img {
   margin-bottom: 1em!important;
-}
\ No newline at end of file
+}
+
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > h3 {
+  margin-top: 1rem;
+  margin-bottom: 1.25rem;
+}
+
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > h3:not(:first-of-type) {
+  margin-top: 3rem;
+  padding-top: 1.5rem;
+  border-top: 1px solid color-mix(in srgb, var(--ifm-color-content) 14%, transparent);
+}
+
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > h4 {
+  margin-top: 1.75rem;
+  margin-bottom: 0.75rem;
+}
+
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > h4 + p,
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > h4 + ul,
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > h4 + ol {
+  margin-top: 0.75rem;
+}
+
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > p,
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > ul,
+html[class*="docs-doc-id-cow-protocol/affiliate-program/faq"] .theme-doc-markdown > ol {
+  margin-bottom: 1rem;
+}