Place large chunks of cabbage and carrot in a food processor with a shedding blade and pulse 5 to 10 times until desired size of shred. Transfer to a large serving bowl.
Add the diced pepper, edamame, scallions, peanuts, sesame seeds, and cilantro to the bowl and toss to combine the ingredients.
Using the food processor (no need to clean out from making the slaw), make the dressing by adding the olive oil, rice vinegar, soy sauce, sesame oil, peanut butter, Sriracha, ginger and garlic and then processing until nice and smooth.
Poor the dressing over the slaw and toss to coat.
Store in the refrigerator if not using immediately. The longer the slaw sits, the more the flavors meld.