Step 1: Wash the potatoes thoroughly and pat them dry. Leave the skin on.
Step 2: Place the potatoes on a cutting board and make thin slices across the width of each potato, being careful not to cut all the way through. You can use chopsticks or wooden spoons on either side of the potato to act as a guide for your knife and prevent cutting all the way through.
Step 3: In a small bowl, combine the melted butter, olive oil, minced garlic, dried thyme, salt, and pepper.
Step 4: Brush the potatoes generously with the butter and herb mixture, making sure to get in between the slices.
Step 5: Pour 1 cup of water into the Instant Pot.
Step 6: Place a trivet or steamer basket into the Instant Pot. Carefully arrange the seasoned potatoes on the trivet or in the steamer basket.
Step 7: Close the lid of the Instant Pot and make sure the pressure release valve is set to the "Sealing" position.
Step 8: Select the "Manual" or "Pressure Cook" setting, and set the cooking time to 8 minutes on high pressure. If your Instant Pot has a "Pressure Cook" button, you can use that instead.
Step 9: Once the cooking time is set, the Instant Pot will take some time to come to pressure. This usually takes around 5 to 10 minutes.
Step 10: Once the cooking time is complete, perform a quick pressure release by carefully switching the pressure release valve to the "Venting" position.
Step 11: Open the lid of the Instant Pot and use tongs to transfer the Hasselback Potatoes to a baking dish or sheet.
Step 12: Optional: If you'd like a crispy golden crust on the potatoes, you can brush them with additional butter or olive oil and place them under the broiler for a few minutes until lightly browned.
Step 13: Serve the Hasselback Potatoes hot, garnished with your choice of toppings such as grated cheese, chopped herbs, sour cream, or bacon bits.
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