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Rinse black eyed peas with water, then add them to InstantPot with 6 cups of water. Cook at high pressure for 18 minutes, then natural release for 15 minutes.
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In a large bowl, whisk together lime juice and parsley. Slowly add olive oil until a smooth sauce forms.
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Add the black eyed peas, onion, bell pepper, cucumber, tomato, and peppers to the dressing. Toss together until everything is well combined and season with salt and pepper to taste.
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Refrigerate for at least an hour to marinate (you can also refrigerate overnight). Serve cold or at room temperature.