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This note investigates the robust stability of uncertain linear time-invariant systems in polytopic domains by means of parameter-dependent linear matrix inequality (PD-LMI) conditions, exploiting some algebraic properties provided by the uncertainty representation. A systematic procedure to construct a family of finite-dimensional LMI relaxations is provided. The robust stability is assessed by means of the existence of a Lyapunov function, more specifically, a homogeneous polynomially parameter-dependent Lyapunov (HPPDL) function of arbitrary degree. For a given degree , if an HPPDL solution exists, a sequence of relaxations based on real algebraic properties provides sufficient LMI conditions of increasing precision and constant number of decision variables for the existence of an HPPDL function which tend to the necessity. Alternatively, if an HPPDL solution of degree exists, a sequence of relaxations which increases the number of variables and the number of LMIs will provide an HPPDL solution of larger degree. The method proposed can be applied to determine homogeneous parameter-dependent matrix solutions to a wide variety of PD-LMIs by transforming the infinite-dimensional LMI problem described in terms of uncertain parameters belonging to the unit simplex in a sequence of finite-dimensional LMI conditions which converges to the necessary conditions for the existence of a homogeneous polynomially parameter-dependent solution of arbitrary degree. Illustrative examples show the efficacy of the proposed conditions when compared with other methods from the literature.