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Step 1
Combine the polenta, water, and salt in the Instant Pot and whisk. Secure the lid and adjust the pressure release to Sealing. Pressure cook on High for 15 minutes. Let the pressure release naturally for about 10 minutes, then carefully move the pressure release to Venting (I like to cover it with a towel to prevent steam from blasting the nearest wall).
Step 2
Whisk the polenta to smooth out, then add the butter and whisk again until incorporated. At this point, you can stir in any cheese or spices, and adjust the salt to taste. You can also close the lid and use the Keep Warm feature until you’re ready to serve.
Step 3
When you are ready to serve, ladle into bowls or onto plates, then sprinkle with any additional cheese, spices, or herbs.