In this paper we present and evaluate uncoordinated on-line algorithms for simultaneous storage and replication load-balancing in DHT-based peer-to-peer systems. We compare our approach with the classical balls into bins model, and point out the similarities but also the differences which call for new loadbalancing mechanisms specifically targeted at P2P systems. Some of the peculiarities of P2P systems, which make our problem even more challenging are that both the network membership and the data indexed in the network is dynamic, there is neither global coordination nor global information to rely on, and the load-balancing mechanism ideally should not compromise the structural properties and thus the search efficiency of the DHT, while preserving the semantic information of the data (e.g., lexicographic ordering to enable range searches).