Turn the Instant Pot to Saute mode and heat olive oil. Add onions. Saute for 2 mins stirring frequently.
Add rice and salt and toast for 2 mins. Make sure to toast the rice well to unloak the nutty flavors.
Add saffron & wine and continue to saute for another 1 minute or until the wine has been absorbed. Stirring frequently so the rice does not stick to the pot.
Stir in broth, Manual / Pressure Cook (High) for 6 minutes. Allow 10 minuts Natural Pressure release. Open the Instant Pot and Stir in butter and cheese.
While serving add more parmesan cheese, black pepper and garnish with thyme + crushed saffron in the center.