All ingredients ready? Let's begin!
Drain and rinse the soaked black beans and set aside.
Switch on the Instant Pot and heat two tablespoons of oil in the sauté mode.
Now add the bay leaf, onion and garlic and sauté for about 3-5 mins or till they soften.
Add the jalapenos and sauté.
Now add the tomato paste and mix till everything is lightly coated in the paste.
Add the paprika, cumin, oregano and sauté well till everything is well combined.
Now add the black beans and 4 cups of water and stir till everything is combined.
Close the lid of the Instant Pot, make sure the vent is sealed, and switch to Pressure Cook mode. It will auto select 30 mins.
Once it is done, let it depressurize before you open.
Add salt and if it is too thick, add a little bit more water until it reaches desired consistency.
Give the lime a quick squeeze over it.
Garnish with cilantro.
Add the avocado on top when you are ready to eat.