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Step 1
Trim any excess fat and skin from the chicken thighs. Dry with paper towels and season on both sides with salt and pepper.
Step 2
Press the "Saute" button on the Instant Pot. Press "Adjust" and select "More" setting. Once the display says "Hot", add the olive oil and allow to heat.
Step 3
Once the oil is hot add the chicken skin-side down. Saute without moving until golden in color, 7 minutes. Flip and cook 2 minutes. Transfer to a clean plate.
Step 4
Add onions and tomatoes, saute until tender, 3 minutes. Add garlic and saute for 30 seconds.
Step 5
Add chicken broth, balsamic vinegar, ½ teaspoon salt and thyme, stir to combine.
Step 6
Add chicken to the pot. Place lid on Instant Pot and turn to lock. Make sure the steam release handle is positioned to "sealing". Press the "Keep Warm/ Cancel" button.
Step 7
Select the "manual" setting on "high pressure". Use the "- or +" button to adjust the time to 10 minutes.
Step 8
It will take about 10 minutes for the pot to build steam and pressurize. You may see some traces of steam exit from the float valve as it is pressurizing.
Step 9
Once the display indicates "On" and begins the countdown at "10", and beeps when the cycle is complete.
Step 10
Cover your hand with an oven mitt or towel to carefully quick-release the pressure from the pot, sliding the steam release handle to the "Venting" position to release all of the steam until the float valve drops down.
Step 11
Carefully open the lid. Press the "Keep Warm/ Cancel" button.
Step 12
Transfer chicken skin-side up to a foil-lined sheet tray. Broil on high about 12-inches from the top of the oven to crisp the skin, about 3 to 5 minutes.
Step 13
Meanwhile, press "saute" on the "more" setting. Simmer and stir until sauce is reduced and thickened, 8 to 9 minutes. The sauce should be reduced to about ¾ cup.
Step 14
Taste and season with salt and pepper as desired. Serve sauce with chicken and garnish with parsley.