Select sauté and add olive oil to the instant pot.
Once it is heated, add onion, garlic, ginger, and thyme and cook, stirring until onion softens, about 2 minutes.
Add curry powder, turmeric, cumin, and salt. Cook until fragrant, about 1 minute.
Stir in the lentil to coat with the sauteed veggies.
Select cancel. Add vegetable broth, coconut milk, and Scotch Bonnet pepper; mix well so that the ingredients are well incorporated.
Seal the lid tightly and cook at high pressure for about 10 minutes. Once the timer is up, the pressure is naturally released.
Take off the lid, stir and serve lentil curry.