diff --git a/chain/cached_fee_estimator.go b/chain/cached_fee_estimator.go
new file mode 100644
index 0000000..4f249c6
--- /dev/null
+++ b/chain/cached_fee_estimator.go
@@ -0,0 +1,61 @@
+package chain
+
+import (
+	"context"
+	"sync"
+	"time"
+)
+
+var cacheDuration time.Duration = time.Minute * 5
+
+type feeCache struct {
+	time       time.Time
+	estimation *FeeEstimation
+}
+
+type CachedFeeEstimator struct {
+	cache map[FeeStrategy]*feeCache
+	inner FeeEstimator
+	mtx   sync.Mutex
+}
+
+func NewCachedFeeEstimator(inner FeeEstimator) *CachedFeeEstimator {
+	return &CachedFeeEstimator{
+		inner: inner,
+		cache: make(map[FeeStrategy]*feeCache),
+	}
+}
+
+func (e *CachedFeeEstimator) EstimateFeeRate(
+	ctx context.Context,
+	strategy FeeStrategy,
+) (*FeeEstimation, error) {
+
+	// Make sure we're in a lock, because we're reading/writing a map.
+	e.mtx.Lock()
+	defer e.mtx.Unlock()
+
+	// See if there's a cached value first.
+	cached, ok := e.cache[strategy]
+
+	// If there is and it's still valid, return that.
+	if ok && cached.time.Add(cacheDuration).After(time.Now()) {
+		return cached.estimation, nil
+	}
+
+	// There was no valid cache.
+	// Fetch the new fee estimate.
+	now := time.Now()
+	estimation, err := e.inner.EstimateFeeRate(ctx, strategy)
+	if err != nil {
+		return nil, err
+	}
+
+	// Cache it.
+	e.cache[strategy] = &feeCache{
+		time:       now,
+		estimation: estimation,
+	}
+
+	return estimation, nil
+}