yes, coingecko takes the undiluted Hive into their calculation that Hive and HBDstats do not, i think it makes only a 1,5% difference overall.
I saw HBDStats was updated 3 months ago to remove the DAO HBD from the market cap calculation, so this has improved the ratio to be more accurate!
(DAO HBD is removed from the total pie, but DAO HIVE remains).
Virtual Supply: 523M (Total HIVE) + 169.2M (Relevant Debt) = 692.2 Million Virtual HIVE
The Ratio: 169.2M Debt / 692.2M Virtual Supply
Current hbdstats.com Debt Ratio: 24.4%
RE: What to expect when the haircut rule is triggered?