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Step 1
Sear Chicken: Select saute mode on pressure cooker (Note for medium heat. Season chicken thighs on both sides with salt and pepper. When display reads HOT, add olive oil to coat bottom of pot. Add half of chicken thighs and cook for a few minutes on each side before transferring to plate. Repeat for remaining chicken thighs. Turn off saute mode.
Step 2
Pressure Cook: Add soy sauce, vinegar, onion, garlic, and cayenne to pot, stirring well and scraping up any brown bits stuck to bottom of pot. Return all chicken thighs to pot in single layer, snugly on top of onions. Top with bay leaves. Secure and seal lid. Cook at high pressure for 10 minutes (Note 5), followed by quick pressure release.
Step 3
Thicken Sauce: Uncover and select saute mode. Keeping chicken in pot, boil for about 15 minutes or until sauce is thickened (Note 6). Remove bay leaves. Serve chicken and sauce, topped with sliced scallions (Note 7).