diff --git a/storage/dynamic_delay.go b/storage/dynamic_delay.go
new file mode 100644
index 000000000000..5d4c42fb82bf
--- /dev/null
+++ b/storage/dynamic_delay.go
@@ -0,0 +1,154 @@
+// Copyright 2024 Google LLC
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//      http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+// See the License for the specific language governing permissions and
+// limitations under the License.
+
+package storage
+
+import (
+	"fmt"
+	"math"
+	"sync"
+	"time"
+)
+
+// dynamicDelay dynamically calculates the delay at a fixed percentile, based on
+// delay samples.
+//
+// dynamicDelay is goroutine-safe.
+type dynamicDelay struct {
+	increaseFactor float64
+	decreaseFactor float64
+	minDelay       time.Duration
+	maxDelay       time.Duration
+	value          time.Duration
+
+	// Guards the value
+	mu *sync.RWMutex
+}
+
+// NewDynamicDelay returns a dynamicDelay.
+//
+// targetPercentile is the desired percentile to be computed. For example, a
+// targetPercentile of 0.99 computes the delay at the 99th percentile. Must be
+// in the range [0, 1].
+//
+// increaseRate (must be > 0) determines how many increase calls it takes for
+// Value to double.
+//
+// initialDelay is the start value of the delay.
+//
+// decrease can never lower the delay past minDelay, increase can never raise
+// the delay past maxDelay.
+func newDynamicDelay(targetPercentile float64, increaseRate float64, initialDelay, minDelay, maxDelay time.Duration) (*dynamicDelay, error) {
+	if targetPercentile < 0 || targetPercentile > 1 {
+		return nil, fmt.Errorf("invalid targetPercentile (%v): must be within [0, 1]", targetPercentile)
+	}
+	if increaseRate <= 0 {
+		return nil, fmt.Errorf("invalid increaseRate (%v): must be > 0", increaseRate)
+	}
+	if minDelay >= maxDelay {
+		return nil, fmt.Errorf("invalid minDelay (%v) and maxDelay (%v) combination: minDelay must be smaller than maxDelay", minDelay, maxDelay)
+	}
+	if initialDelay < minDelay {
+		initialDelay = minDelay
+	}
+	if initialDelay > maxDelay {
+		initialDelay = maxDelay
+	}
+
+	// Compute increaseFactor and decreaseFactor such that:
+	// (increaseFactor ^ (1 - targetPercentile)) * (decreaseFactor ^ targetPercentile) = 1
+	increaseFactor := math.Exp(math.Log(2) / increaseRate)
+	if increaseFactor < 1.001 {
+		increaseFactor = 1.001
+	}
+	decreaseFactor := math.Exp(-math.Log(increaseFactor) * (1 - targetPercentile) / targetPercentile)
+	if decreaseFactor > 0.9999 {
+		decreaseFactor = 0.9999
+	}
+
+	return &dynamicDelay{
+		increaseFactor: increaseFactor,
+		decreaseFactor: decreaseFactor,
+		minDelay:       minDelay,
+		maxDelay:       maxDelay,
+		value:          initialDelay,
+		mu:             &sync.RWMutex{},
+	}, nil
+}
+
+func (d *dynamicDelay) unsafeIncrease() {
+	v := time.Duration(float64(d.value) * d.increaseFactor)
+	if v > d.maxDelay {
+		d.value = d.maxDelay
+	} else {
+		d.value = v
+	}
+}
+
+// increase notes that the operation took longer than the delay returned by Value.
+func (d *dynamicDelay) increase() {
+	d.mu.Lock()
+	defer d.mu.Unlock()
+
+	d.unsafeIncrease()
+}
+
+func (d *dynamicDelay) unsafeDecrease() {
+	v := time.Duration(float64(d.value) * d.decreaseFactor)
+	if v < d.minDelay {
+		d.value = d.minDelay
+	} else {
+		d.value = v
+	}
+}
+
+// decrease notes that the operation completed before the delay returned by getValue.
+func (d *dynamicDelay) decrease() {
+	d.mu.Lock()
+	defer d.mu.Unlock()
+
+	d.unsafeDecrease()
+}
+
+// update updates the delay value depending on the specified latency.
+func (d *dynamicDelay) update(latency time.Duration) {
+	d.mu.Lock()
+	defer d.mu.Unlock()
+
+	if latency > d.value {
+		d.unsafeIncrease()
+	} else {
+		d.unsafeDecrease()
+	}
+}
+
+// getValue returns the desired delay to wait before retry the operation.
+func (d *dynamicDelay) getValue() time.Duration {
+	d.mu.RLock()
+	defer d.mu.RUnlock()
+
+	return d.value
+}
+
+// PrintDelay prints the state of delay, helpful in debugging.
+func (d *dynamicDelay) printDelay() {
+	d.mu.RLock()
+	defer d.mu.RUnlock()
+
+	fmt.Println("IncreaseFactor: ", d.increaseFactor)
+	fmt.Println("DecreaseFactor: ", d.decreaseFactor)
+	fmt.Println("MinDelay: ", d.minDelay)
+	fmt.Println("MaxDelay: ", d.maxDelay)
+	fmt.Println("Value: ", d.value)
+}
diff --git a/storage/dynamic_delay_test.go b/storage/dynamic_delay_test.go
new file mode 100644
index 000000000000..8247d7527496
--- /dev/null
+++ b/storage/dynamic_delay_test.go
@@ -0,0 +1,176 @@
+// Copyright 2024 Google LLC
+//
+// Licensed under the Apache License, Version 2.0 (the "License");
+// you may not use this file except in compliance with the License.
+// You may obtain a copy of the License at
+//
+//      http://www.apache.org/licenses/LICENSE-2.0
+//
+// Unless required by applicable law or agreed to in writing, software
+// distributed under the License is distributed on an "AS IS" BASIS,
+// WITHOUT WARRANTIES OR CONDITIONS OF
+
+package storage
+
+import (
+	"math"
+	"math/rand"
+	"testing"
+	"time"
+
+	"github.com/google/go-cmp/cmp"
+	"github.com/google/go-cmp/cmp/cmpopts"
+)
+
+func applySamples(numSamples int, expectedValue float64, rnd *rand.Rand, d *dynamicDelay) int {
+	var samplesOverThreshold int
+	for i := 0; i < numSamples; i++ {
+		randomDelay := time.Duration(-math.Log(rnd.Float64()) * expectedValue * float64(time.Second))
+		if randomDelay > d.getValue() {
+			samplesOverThreshold++
+			d.increase()
+		} else {
+			d.decrease()
+		}
+	}
+	return samplesOverThreshold
+}
+
+func applySamplesWithUpdate(numSamples int, expectedValue float64, rnd *rand.Rand, d *dynamicDelay) {
+	for i := 0; i < numSamples; i++ {
+		randomDelay := time.Duration(-math.Log(rnd.Float64()) * expectedValue * float64(time.Second))
+		d.update(randomDelay)
+	}
+}
+
+func TestNewDelay(t *testing.T) {
+	d, err := newDynamicDelay(1-0.01, 15, 1*time.Millisecond, 1*time.Millisecond, 1*time.Hour)
+	if err != nil {
+		t.Fatal(err)
+	}
+
+	want := &dynamicDelay{
+		increaseFactor: 1.047294,
+		decreaseFactor: 0.999533,
+		minDelay:       1 * time.Millisecond,
+		maxDelay:       1 * time.Hour,
+		value:          1 * time.Millisecond,
+	}
+
+	if diff := cmp.Diff(d.increaseFactor, want.increaseFactor, cmpopts.EquateApprox(0, 0.000001)); diff != "" {
+		t.Fatalf("unexpected diff (-got +want):\n%s", diff)
+	}
+
+	if diff := cmp.Diff(d.decreaseFactor, want.decreaseFactor, cmpopts.EquateApprox(0, 0.000001)); diff != "" {
+		t.Fatalf("unexpected diff (-got +want):\n%s", diff)
+	}
+
+	if diff := cmp.Diff(d.minDelay, want.minDelay, cmpopts.EquateApprox(0, 0.000001)); diff != "" {
+		t.Fatalf("unexpected diff (-got +want):\n%s", diff)
+	}
+
+	if diff := cmp.Diff(d.maxDelay, want.maxDelay, cmpopts.EquateApprox(0, 0.000001)); diff != "" {
+		t.Fatalf("unexpected diff (-got +want):\n%s", diff)
+	}
+
+	if diff := cmp.Diff(d.value, want.value, cmpopts.EquateApprox(0, 0.000001)); diff != "" {
+		t.Fatalf("unexpected diff (-got +want):\n%s", diff)
+	}
+
+	if d.mu == nil {
+		t.Fatalf("unexpted mutex value")
+	}
+}
+
+func TestConvergence99(t *testing.T) {
+	// d should converge to the 99-percentile value.
+	d, err := newDynamicDelay(1-0.01, 15, 1*time.Millisecond, 1*time.Millisecond, 1*time.Hour)
+	if err != nil {
+		t.Fatal(err)
+	}
+
+	rnd := rand.New(rand.NewSource(1))
+
+	// Warm up.
+	applySamplesWithUpdate(1000, 0.005, rnd, d)
+
+	// We would end up sending hedged calls at ~1% (between 0.2% and 5%).
+	{
+		samplesOverThreshold := applySamples(1000, 0.005, rnd, d)
+		if samplesOverThreshold < (1000 * 0.002) {
+			t.Errorf("samplesOverThreshold = %d < 1000*0.002", samplesOverThreshold)
+		}
+		if samplesOverThreshold > (1000 * 0.05) {
+			t.Errorf("samplesOverThreshold = %d > 1000*0.05", samplesOverThreshold)
+		}
+	}
+
+	// Apply samples from a different distribution.
+	applySamplesWithUpdate(1000, 1, rnd, d)
+
+	// delay.value should have now converged to the new distribution.
+	{
+		samplesOverThreshold := applySamples(1000, 1, rnd, d)
+		if samplesOverThreshold < (1000 * 0.002) {
+			t.Errorf("samplesOverThreshold = %d < 1000*0.002", samplesOverThreshold)
+		}
+		if samplesOverThreshold > (1000 * 0.05) {
+			t.Errorf("samplesOverThreshold = %d > 1000*0.05", samplesOverThreshold)
+		}
+	}
+}
+
+func TestConvergence90(t *testing.T) {
+	// d should converge to the 90-percentile value.
+	d, err := newDynamicDelay(1-0.1, 15, 1*time.Millisecond, 1*time.Millisecond, 1*time.Hour)
+	if err != nil {
+		t.Fatal(err)
+	}
+
+	rnd := rand.New(rand.NewSource(1))
+
+	// Warm up.
+	applySamplesWithUpdate(1000, 0.005, rnd, d)
+
+	// We would end up sending hedged calls at ~10% (between 5% and 20%).
+	{
+		samplesOverThreshold := applySamples(1000, 0.005, rnd, d)
+		if samplesOverThreshold < (1000 * 0.05) {
+			t.Errorf("samplesOverThreshold = %d < 1000*0.05", samplesOverThreshold)
+		}
+		if samplesOverThreshold > (1000 * 0.2) {
+			t.Errorf("samplesOverThreshold = %d > 1000*0.2", samplesOverThreshold)
+		}
+	}
+}
+
+func TestOverflow(t *testing.T) {
+	d, err := newDynamicDelay(1-0.1, 15, 1*time.Millisecond, 1*time.Millisecond, 1*time.Hour)
+	if err != nil {
+		t.Fatal(err)
+	}
+
+	n := 10000
+	for i := 0; i < n; i++ {
+		d.increase()
+	}
+	t.Log(d.getValue())
+	for i := 0; i < 100*n; i++ {
+		d.decrease()
+	}
+	if got, want := d.getValue(), 1*time.Millisecond; got != want {
+		t.Fatalf("unexpected d.Value: got %v, want %v", got, want)
+	}
+}
+
+func TestInvalidArgument(t *testing.T) {
+	_, err := newDynamicDelay(1-0.1, 15, 1*time.Millisecond, 2*time.Hour, 1*time.Hour)
+	if err == nil {
+		t.Fatal("unexpected, should throw error as minDelay is greater than maxDelay")
+	}
+
+	_, err = newDynamicDelay(1-0.1, 0, 1*time.Millisecond, 2*time.Hour, 1*time.Hour)
+	if err == nil {
+		t.Fatal("unexpected, should throw error as increaseRate can't be zero")
+	}
+}