Gather all your ingredients.
In a medium bowl, combine the peanut butter and soy sauce.
Gradually add warm water while whisking to reach desired consistency.
Stir in lime juice and honey (or maple syrup).
Add rice vinegar, minced garlic, and grated ginger.
Mix until smooth and creamy.
If desired, add red pepper flakes for heat.
Taste and adjust sweetness or saltiness as needed.
Transfer to a serving bowl and garnish with chopped peanuts.
Serve immediately or store in the fridge for later.