This is a simple, no-fail recipe for making Instant Pot Wild Rice that is tender and flavorful, with a nutty, earthy flavor that you'll go back to again and again.
Rinse the rice thoroughly in cold water in a colander. Drain well.
Pour the rice into the Instant Pot along with the water, oil/butter, and salt.
Secure the lid and set the vent to sealing (if necessary for your model).
Set to cook on high pressure for 25 minutes. When done, allow a natural release of pressure for 10 minutes, then release the remaining pressure and open the lid.