It is a crucial challenge to address both magnetic anisotropy and stability for single-molecule magnets (SMMs) used in next-generation nanodevices. Highly axial lanthanide SMMs with neutral charge and moderate coordination numbers represent promising magnetic materials. Here, using iodide ions with large volume and low surface charge density as weak donors, we report a six-coordinate neutral dysprosium SMM [Dy-(Cy3PO)(2)I-3(CH3CN)] with a certain degree of stability exhibiting a huge thermal barrier of 1062 K and hysteresis loops open up to 9 K. Through the elaborate reduction of ligand field strength, an apparent strongly axial crystal field is provided which elicits prominent crystal-field splitting and high axiality with the thermally activated relaxation via the third-excited Kramers' doublet. Moreover, the profound influence of strong equatorial ligand substitution on the electronic structure and relaxation pathway is clearly explored in Dy-III analogues. The result suggests the great potential of the reducing the transverse ligand field in the improvement of SMMs performance.