Step 1: Read the equation.
The equation is $\dfrac{dy}{dx} + 4x = 0$ with the condition $y=1$ at $x=0$.
Step 2: Isolate the derivative.
\[ \frac{dy}{dx} = -4x \]
Step 3: Integrate.
Integrating both sides, \[ y = -2x^2 + C \]
Step 4: Fix the constant.
Put $x=0,\ y=1$ to get $1 = 0 + C$, so $C = 1$.
Step 5: Answer.
The solution is \[ \boxed{y = 1 - 2x^2} \]