Equilibrium Propagation (EqProp) updates each synapse by comparing a local term at the free and nudged equilibria. Because these two values occur at different times, a physical implementation requires temporary local memory. We show that this memory can emerge from a two-timescale synaptic model in which neural and volatile synaptic dynamics are jointly derived from a single energy function. A volatile state relaxes toward the product of the pre- and postsynaptic activities, while a non-volatile state stores the learned parameter. At equilibrium, equals the local term entering the EqProp update. Using its net change between phases implements phase-based EqProp, while transferring its successive changes during nudging yields continual EqProp, in which the temporal comparison is carried by the synaptic dynamics themselves. On MNIST with a single-hidden-layer network, the phase-based model reaches test error versus for standard EqProp, and the continual model reaches versus for continual EqProp. The framework further specifies the dynamical requirements that a volatile–non-volatile synaptic device must satisfy to implement this learning mechanism.

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