 Squaring and zig-zag iteration yields bounded-degree expanders

Choose $D=d^2$ and a fixed $d$-regular graph $H$ on $D^2$ vertices with absolute nonconstant eigenvalues at most $1/10$. Start with the loop-inclusive complete graph $G_0$ on $D$ vertices and iterate $G_{t+1}=G_t^2\mathrm{zigzag}H$. The degree stays $D$, vertex counts are $D^{2t+1}$, and ${\rho }_{t+1}\le {\rho }_t^2+21/100$. Since ${\rho }_0=0$, all ${\rho }_t\le 1/2$. The spectral cut bound gives multiplicity-counted edge expansion at least $D/4$. Removing loops and merging parallel edges loses at most a factor $D$, producing simple expander graphs with maximum degree $D$ and edge expansion at least $1/4$.