Blanch the edamame in boiling water for 2 minutes. Drain and let cool slightly.
Add beans, edamame, avocado and garlic to a food processor. Process for 20 seconds. Add cilantro, salt, cumin, and lime juice and turn the processor back on.
Slowly drizzle in the olive oil, followed by the water. Blend at least one minute or until completely smooth. Adjust the salt and cumin as needed.
Add a little more water if you want a thinner consistency.