Cut the bacon strips into 1/2-inch pieces.
Peel and cut the carrots into 1/4-inch circles. Chop the white onion.
Open the can of tomato paste.
Heat the olive oil in the Instant Pot insert on
Add the beef broth, bay leaf, carrot pieces, chopped onion, tomato paste, butter, garlic powder, ground thyme, and burgundy wine. Stir to combine.
Steam valve: Sealing.
Cook on: Manual/High for 60 minutes.
Release: Natural or Quick.
After you open the lid, whisk the flour with 2 Tbsp of water to make a slurry and then swirl and stir into the meal. Let it sit on warm mode for about 10 minutes to allow the stew base to thicken slightly. Discard bayleaf before serving.
Prepare salad.
Serve Instant Pot Beef Burgundy with side salad.