In a liquid measuring cup, add lukewarm water (between 100- and 110-degrees Fahrenheit) and top with the yeast. Allow the yeast to sit for 5 minutes until it starts getting foamy.
Add the flour, olive oil, and salt to the bowl of a stand mixer.
Add the water and yeast mixture to the flour mixture.
With your stand mixer fitted with the dough hook, turn the mixer on medium speed and allow it to knead the dough for 5 minutes. The dough is ready when it fully comes away from the sides of the bowl and forms a ball of dough.
Spray the inner pot of the Instant Pot cooking spray or spread a tablespoon of olive oil around the pot.
Place the dough in the Instant Pot and close the Instant Pot lid. Set the Instant Pot cook time to 1 hour and press the yogurt button.
After 1 hour, the dough should have doubled in size. Divide the dough into two dough balls on a floured surface.
Preheat the oven to 500 degrees.
Grease the pizza pan or preheat the pizza stone. Add the dough to the pan and bake it in the oven for 5-8 minutes.
Take the pan out of the oven and top the pizza base with your favorite pizza sauce and pizza toppings. Bake for another 10-15 minutes.