Peel the potato and carrots. Add the potato to a pot of water and bring to a boil. After about 15 minutes, add in the carrots. After another 5-10 minutes, add in the cashews. Let boil until the potato is completely fork tender. Drain and let cool.
Add avocado oil to the pan on a low medium heat. After about 30 seconds, add in the roughly chopped onion and sliced jalapeño. Stir until the onions are translucent, about 1-2 minutes. Remove from heat and let cool.
Quarter the potato and chop the carrots in half. Add to a blender along with the cashews, onions, jalapeño, coconut milk, water, lemon juice, dijon mustard, cumin, paprika, sea salt, and nutritional yeast. Blend until smooth and creamy.
Keep in an airtight container for about a week and use as a dip or on your favorite salads or bowls. When reheating, make sure to add a splash of water as it thickens quite a bit in the fridge. Enjoy!