Using a small bowl, mix the salt, pepper, paprika, oregano, and thyme.
Trim any excess fat and skin from the chicken thighs.
Brush a little olive oil on the chicken thighs and coat the chicken with the seasonings.
Sauté the chicken using the instant pot
Turn on the instant pot and place it in highest sauté mode.
When the instant pot is hot, add the olive oil.
Sauté the chicken thighs for about 3 minutes per side, until lightly browned. You may have to do this in batches.
Remove the chicken to a plate and cover with foil.
Add about 1/4 cup chicken broth and deglaze the instant pot. Then add the rest of the chicken broth.
Pressure cook using the instant pot
If you have a trivet for the instant pot, set it inside the pot and then set the chicken thighs on top of the trivet. If you do not have a trivet, then just nestle the thighs into the pot.
Lock the lid in place and be sure the pressure release valve is closed.
Use the high pressure cook function. Cook for 10 minutes. If you have a keep warm function, turn it on.
While the chicken is cooking, use a small bowl to mix the cornstarch with cold water.
After the pressure cooking is complete, let the pressure release naturally for 5 minutes. Then quick release the remaining pressure.
Transfer the chicken to a serving platter and cover with foil.
Reduce the braising liquid
Place the instant pot in its highest sauté mode.
Add the cornstarch and water mixture to the liquid in the instant pot and simmer until it thickens.
Drizzle the chicken with the reduced liquid and serve.