Pour 1 cup of water into the Instant Pot. Place the eggs in the rack that came with your Instant Pot or a steamer basket if you have one.
Close the lid and lock into place, set the steam vent/release valve to the locked position. Press the manual button adjust the time for the appropriate time in minutes at high pressure. Soft Cooked Eggs (Runny yolk): 2 minutes. Medium Cooked Eggs (Jammy yolk): 4 minutes. Medium Cooked Eggs (Slightly more set yolk): 5 minutes. Hard Cooked Eggs (Fully cooked yolk): 6 minutes
Prepare an ice bath while the eggs cook. A large bowl with cold water and ice.
It should take about 5 minutes to come to pressure and then will steam for the set time. Once the timer stops, immediately release the pressure manually by turning the vent/quick release valve to the open position with a kitchen towel, until you no longer hear or see steam, and the float valve (metal circle) is down.
Using the tongs carefully place the cooked eggs into an ice bath to chill for at least 5 minutes.
For easiest, most perfect peeling, wait until the eggs are fully chilled to peel.
Notes
Use however many eggs you'd like as long as they stay in a single layer. Times may vary based on your pressure cooker. The immediate pressure release is most important with the soft boiled eggs, because they will continue to cook in there until you release the pressure.