Here's The Instant Pot Feature That's Designed To Hold Your Lid Perfectly - Tasting Table

"However, you'll be happy to know that most Instant Pot models are designed so the lid stays upright in the side handle. After you release pressure and twist the lid off, just tip it slightly so condensation runs back into the liner, then slide the rim of the lid into the slot/groove on the cooker's side handle. It will sit there vertically, stable, out of the way, and dripping back into the pot instead of across your counter."

"Steam and broth also collect where they belong so you're not juggling an unwieldy circle while ladling chili. It's one of those design choices that smooths the whole workflow, especially in tiny kitchens or at crowded buffets. Many people learn about it years into ownership, which makes sense. Unless you read the manual cover to cover or catch it in an unboxing video, it looks like a normal handle - not a holster."

Instant Pot lids can be hot, wet, and awkward to set down after releasing pressure. Many models feature a notch or groove in the side handle that accepts the lid rim so the lid sits vertically and drips back into the pot instead of across counters. Placing the lid in the handle keeps it nearby for serving and stirring, contains steam and broth, and reduces burns and mess. Some models, such as the Lux, lack the slot. Alternative solutions include leaning the lid on a trivet or on a dry sheet pan to contain condensation and avoid countertop puddles.

Read at Tasting Table