Wash and slice the potatoes into thin rounds.
Cut the onions into thin strips.
Spray the slow cooker lightly with cooking spray. Add a layer of potatoes first, then onions. Repeat until everything is added. Pour melted butter and olive oil across the top. Sprinkle the French onion soup mix and black pepper evenly over everything.
Cook on LOW for about 5 to 6 hours or HIGH for 3 to 4 hours.
During the last 20 minutes, sprinkle shredded cheese over the top.
Transfer everything into a baking dish and broil for 2 to 3 minutes.
