Pour 1 cup of cool water in the inner pot of Instant Pot for a 3 or 6 quart instant pot (or 1.5 cups cool water for an 8-quart Instant pot.)
Place an egg rack, steamer basket, or even the trivet that came with the Instant Pot into the water and carefully set as many eggs as desired on the rack.
Close the lid on the Instant Pot and set the vent to sealing then set it to Pressure Cook on High Pressure for 5 minutes.
While the eggs are cooking, prepare an ice bath by filling an appropriately sized bowl with cool water and ice. (Big bowl if you have a lot of eggs, smaller if you do just a few.)
When the cooking time has elapsed, let the pressure naturally release for 5 minutes. (That means just leave it alone for 5 minutes - the timer should count up to L 0:05.)
Then do a quick release by flipping the vent open and let the rest of the pressure release.
When pressure has been released and the pin drops, carefully remove eggs from the Instant Pot and place them in the ice water bath.
Let the eggs sit in the water bath for 5 minutes.
Remove the eggs from the water bath and pat dry, then use immediately or refridgerate them.
They can be stored in the fridge for up to 7 days unpeeled or peel and use within 3 or 4 days.