Place one cup of water in the Instant pot. Add in an egg basket or the instant pot rack in the bottom of the Instant pot.
Add in the eggs.
Place lid on pressure cooker and set the valve to sealing.
Set the pressure cook time for 5 minutes on high pressure.
Once cook time has elapsed, let pressure release for 5 minutes. Then do a quick release and carefully remove eggs from Instant Pot and place in ice water bath.