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Step 1
Rub the beef with salt and pepper all over.
Step 2
Heat a large non-stick frying pan over medium-high heat. Add the beef and sear for 2 minutes on each side.
Step 3
Insert the trivet in the Instant Pot and add 1 cup of water. Put the seared eye of a round roast on a trivet. Close the lid of the Instant Pot and turn the valve to a sealing position. Press the Pressure Cook button and set the time to 5 minutes on High Pressure.
Step 4
When the Instant Pot is done cooking, let the pressure release naturally for 2 hours (make sure Keep Warm setting of the Instant Pot is on).
Step 5
Carefully remove the eye of a round roast from the Instant Pot, slice across the grain and serve.