Systems, methods, and computer readable storage mediums for optimizing performance in a storage system. A volume may be mapped to an anchor medium through an indirection layer. When a snapshot is taken of the volume, the allocation of a new anchor medium is delayed until a write operation targeting the volume is received. When a write operation targeting the volume is received, a new anchor medium may be allocated for only a portion of the volume corresponding to the portion of the volume which is targeted by the write operation. Also, when a snapshot is taken of the volume, read optimization operations are performed only the portions of the volume which have changed since the previous snapshot.