Based on previous posts and what is written here it seemed that you could use the assets as long as you didn’t use the names of paragon and the characters as advertisement.
Hey there @Burytio! Welcome to the community! There hasn’t been an update to the EULA in regards to using the Paragon assets. This just means you cannot claim (for example) to be Paragon 2, or use Paragon (The IP) or the characters names to promote your game as an extension of paragon.
So if you want to use Phase (the asset) as a character in your third person action combat game, rename her Vibe and just use her assets, you should be fine.
No, I was not planning on making a paragon remake. I just wanted to make a rpg using some of the assets.
Thanks a lot again for clarifying, because i was super confused. I used some paragon characters and none of them had in their page description what was written on Phase’s page.