Soak the cashews in water for 2-4 hours.

After soaking, drain and rinse the cashews under cold water.

In a food processor, combine the soaked cashews, water, nutritional yeast, lemon juice, salt, garlic powder, and onion powder.

Blend until creamy, scraping down the sides as needed.

If the mixture is too thick, add a little more water, one tablespoon at a time.

Taste and adjust seasoning as needed.

Transfer to a serving bowl.

Chill in the refrigerator for about 30 minutes.

Serve and enjoy!