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Seeking for bridges to connect K-stability and GIT-stability

We consider the variety $\Sigma_{m}$ := {($p$, $X$) : $X$ is a degree $n$ + 1 hypersurface over $\mathbb{C}$ with mult$_{p}(X) \geq m$} $\subseteq$ $\mathbb{P}$$^{n}$ $\times$ $\mathbb{P}$$^{N}$, ...