diff --git a/apps/trading/components/rewards-container/active-rewards.tsx b/apps/trading/components/rewards-container/active-rewards.tsx
index bf281f5dd..06515b335 100644
--- a/apps/trading/components/rewards-container/active-rewards.tsx
+++ b/apps/trading/components/rewards-container/active-rewards.tsx
@@ -384,6 +384,25 @@ const RewardCard = ({
                 })}
               </span>
             </span>
+            {/** CAPPED AT */}
+            {dispatchStrategy.capRewardFeeMultiple && (
+              <span className="flex flex-col">
+                <span className="text-muted text-xs">{t('Capped at')}</span>
+                <Tooltip
+                  description={t(
+                    'Reward will be capped at {{capRewardFeeMultiple}} X of taker fees paid in the epoch',
+                    {
+                      capRewardFeeMultiple:
+                        dispatchStrategy.capRewardFeeMultiple,
+                    }
+                  )}
+                >
+                  <span data-testid="cappedAt">
+                    x{dispatchStrategy.capRewardFeeMultiple}
+                  </span>
+                </Tooltip>
+              </span>
+            )}
           </div>
           {/** DISPATCH METRIC DESCRIPTION */}
           {dispatchStrategy?.dispatchMetric && (
diff --git a/apps/trading/lib/hooks/Rewards.graphql b/apps/trading/lib/hooks/Rewards.graphql
index ba72d9e63..921d6ef1b 100644
--- a/apps/trading/lib/hooks/Rewards.graphql
+++ b/apps/trading/lib/hooks/Rewards.graphql
@@ -79,6 +79,7 @@ query ActiveRewards(
               startEpoch
               endEpoch
               dispatchStrategy {
+                capRewardFeeMultiple
                 dispatchMetric
                 dispatchMetricAssetId
                 marketIdsInScope
diff --git a/apps/trading/lib/hooks/__generated__/Rewards.ts b/apps/trading/lib/hooks/__generated__/Rewards.ts
index 2ea7adf12..5b3f7ee69 100644
--- a/apps/trading/lib/hooks/__generated__/Rewards.ts
+++ b/apps/trading/lib/hooks/__generated__/Rewards.ts
@@ -18,7 +18,7 @@ export type ActiveRewardsQueryVariables = Types.Exact<{
 }>;
 
 
-export type ActiveRewardsQuery = { __typename?: 'Query', transfersConnection?: { __typename?: 'TransferConnection', edges?: Array<{ __typename?: 'TransferEdge', node: { __typename?: 'TransferNode', transfer: { __typename?: 'Transfer', amount: string, id: string, from: string, fromAccountType: Types.AccountType, to: string, toAccountType: Types.AccountType, reference?: string | null, status: Types.TransferStatus, timestamp: any, gameId?: string | null, reason?: string | null, asset?: { __typename?: 'Asset', id: string, symbol: string, decimals: number, name: string, quantum: string, status: Types.AssetStatus } | null, kind: { __typename?: 'OneOffGovernanceTransfer' } | { __typename?: 'OneOffTransfer' } | { __typename?: 'RecurringGovernanceTransfer' } | { __typename?: 'RecurringTransfer', startEpoch: number, endEpoch?: number | null, dispatchStrategy?: { __typename?: 'DispatchStrategy', dispatchMetric: Types.DispatchMetric, dispatchMetricAssetId: string, marketIdsInScope?: Array<string> | null, entityScope: Types.EntityScope, individualScope?: Types.IndividualScope | null, teamScope?: Array<string | null> | null, nTopPerformers?: string | null, stakingRequirement: string, notionalTimeWeightedAveragePositionRequirement: string, windowLength: number, lockPeriod: number, distributionStrategy: Types.DistributionStrategy, rankTable?: Array<{ __typename?: 'RankTable', startRank: number, shareRatio: number } | null> | null } | null } }, fees?: Array<{ __typename?: 'TransferFee', transferId: string, amount: string, epoch: number } | null> | null } } | null> | null } | null };
+export type ActiveRewardsQuery = { __typename?: 'Query', transfersConnection?: { __typename?: 'TransferConnection', edges?: Array<{ __typename?: 'TransferEdge', node: { __typename?: 'TransferNode', transfer: { __typename?: 'Transfer', amount: string, id: string, from: string, fromAccountType: Types.AccountType, to: string, toAccountType: Types.AccountType, reference?: string | null, status: Types.TransferStatus, timestamp: any, gameId?: string | null, reason?: string | null, asset?: { __typename?: 'Asset', id: string, symbol: string, decimals: number, name: string, quantum: string, status: Types.AssetStatus } | null, kind: { __typename?: 'OneOffGovernanceTransfer' } | { __typename?: 'OneOffTransfer' } | { __typename?: 'RecurringGovernanceTransfer' } | { __typename?: 'RecurringTransfer', startEpoch: number, endEpoch?: number | null, dispatchStrategy?: { __typename?: 'DispatchStrategy', capRewardFeeMultiple?: string | null, dispatchMetric: Types.DispatchMetric, dispatchMetricAssetId: string, marketIdsInScope?: Array<string> | null, entityScope: Types.EntityScope, individualScope?: Types.IndividualScope | null, teamScope?: Array<string | null> | null, nTopPerformers?: string | null, stakingRequirement: string, notionalTimeWeightedAveragePositionRequirement: string, windowLength: number, lockPeriod: number, distributionStrategy: Types.DistributionStrategy, rankTable?: Array<{ __typename?: 'RankTable', startRank: number, shareRatio: number } | null> | null } | null } }, fees?: Array<{ __typename?: 'TransferFee', transferId: string, amount: string, epoch: number } | null> | null } } | null> | null } | null };
 
 export type RewardsHistoryQueryVariables = Types.Exact<{
   partyId: Types.Scalars['ID'];
@@ -150,6 +150,7 @@ export const ActiveRewardsDocument = gql`
               startEpoch
               endEpoch
               dispatchStrategy {
+                capRewardFeeMultiple
                 dispatchMetric
                 dispatchMetricAssetId
                 marketIdsInScope
diff --git a/libs/i18n/src/locales/en/trading.json b/libs/i18n/src/locales/en/trading.json
index 3d36c192d..4913a7ce5 100644
--- a/libs/i18n/src/locales/en/trading.json
+++ b/libs/i18n/src/locales/en/trading.json
@@ -29,6 +29,7 @@
   "Best offer": "Best offer",
   "Browse": "Browse",
   "By using the Vega Console, you acknowledge that you have read and understood the <0>Vega Console Disclaimer</0>": "By using the Vega Console, you acknowledge that you have read and understood the <0>Vega Console Disclaimer</0>",
+  "Capped at": "Capped at",
   "Cancel": "Cancel",
   "Change (24h)": "Change (24h)",
   "Changes have been proposed for this market. <0>View proposals</0>": "Changes have been proposed for this market. <0>View proposals</0>",
@@ -299,6 +300,7 @@
   "Rewards funded using the pro-rata strategy should be distributed pro-rata by each entity's reward metric scaled by any active multipliers that party has": " Rewards funded using the pro-rata strategy should be distributed pro-rata by each entity's reward metric scaled by any active multipliers that party has",
   "Rewards history": "Rewards history",
   "Rewards multipliers": "Rewards multipliers",
+  "Reward will be capped at {{capRewardFeeMultiple}} X of taker fees paid in the epoch": "Reward will be capped at {{capRewardFeeMultiple}} X of taker fees paid in the epoch",
   "SCCR": "SCCR",
   "Search": "Search",
   "See all markets": "See all markets",
diff --git a/libs/types/src/__generated__/types.ts b/libs/types/src/__generated__/types.ts
index 7dde3b7b5..20d039b53 100644
--- a/libs/types/src/__generated__/types.ts
+++ b/libs/types/src/__generated__/types.ts
@@ -4959,6 +4959,8 @@ export type Query = {
    * If a team does not have at least the number of epochs worth of data, it is ignored.
    */
   teamsStatistics?: Maybe<TeamsStatisticsConnection>;
+  /** Time weighted notional position is a metric used to determine if a reward should be paid to a party */
+  timeWeightedNotionalPosition?: Maybe<TimeWeightedNotionalPosition>;
   /** Get total transfer fee discount available */
   totalTransferFeeDiscount?: Maybe<TotalTransferFeeDiscount>;
   /** Get a list of all trades and apply any given filters to the results */
@@ -5462,6 +5464,15 @@ export type QueryteamsStatisticsArgs = {
 };
 
 
+/** Queries allow a caller to read data and filter data via GraphQL. */
+export type QuerytimeWeightedNotionalPositionArgs = {
+  assetId: Scalars['ID'];
+  epochSeq?: InputMaybe<Scalars['Int']>;
+  gameId: Scalars['ID'];
+  partyId: Scalars['ID'];
+};
+
+
 /** Queries allow a caller to read data and filter data via GraphQL. */
 export type QuerytotalTransferFeeDiscountArgs = {
   assetId: Scalars['String'];
@@ -6615,6 +6626,22 @@ export type TimeUpdate = {
   timestamp: Scalars['Timestamp'];
 };
 
+export type TimeWeightedNotionalPosition = {
+  __typename?: 'TimeWeightedNotionalPosition';
+  /** Settlement asset for this position */
+  assetId: Scalars['ID'];
+  /** Epoch the time weighted notional position was calculated for */
+  epoch: Scalars['Int'];
+  /** Game the time weighted notional position was calculated for */
+  gameId: Scalars['ID'];
+  /** Time of the last block in which the metric was updated */
+  lastUpdated: Scalars['Timestamp'];
+  /** Party holding the position */
+  partyId: Scalars['ID'];
+  /** Time weighted notional position */
+  timeWeightedNotionalPosition: Scalars['String'];
+};
+
 /** Returns total transfer fee discount available */
 export type TotalTransferFeeDiscount = {
   __typename?: 'TotalTransferFeeDiscount';