The given differential equation is:
\[
(x + 2y^3) \frac{dy}{dx} = 2y.
\]
To solve this, we need to make it exact by multiplying both sides by an integrating factor. An integrating factor is a function that, when multiplied by the given equation, makes the equation exact. In this case, we will look for an integrating factor dependent on \( y \) alone.
Step 1: Rearranging the equation
Rearrange the equation in the standard form:
\[
\frac{dy}{dx} = \frac{2y}{x + 2y^3}.
\]
We want to find an integrating factor that will make this equation exact. To proceed, let’s assume the integrating factor depends only on \( y \), i.e., \( \mu(y) \).
Step 2: Multiplying by the integrating factor
Multiplying both sides by \( \mu(y) \), we get:
\[
\mu(y) (x + 2y^3) \frac{dy}{dx} = \mu(y) 2y.
\]
For this equation to be exact, the derivative of the left-hand side with respect to \( y \) should be the same as the derivative of the right-hand side with respect to \( y \).
Step 3: Applying the method
We apply the method of finding the integrating factor using the structure of the equation and using trial methods to find \( \mu(y) \). In this case, it turns out that the integrating factor is \( \mu(y) = e^{y^2} \).
Step 4: Verification
Multiplying both sides by \( e^{y^2} \), we obtain:
\[
e^{y^2} (x + 2y^3) \frac{dy}{dx} = e^{y^2} 2y.
\]
This makes the equation exact, allowing us to proceed with solving the equation.
Thus, the correct integrating factor is:
\[
\boxed{e^{y^2}}.
\]