Infrared Medium-Deep Survey is a near-infrared imaging survey geared toward understanding the formation and the evolution of quasars and galaxies at high redshift, and studying transient and time-variable objects such as gamma-ray bursts, supernovae, and young stellar objects. The survey uses a multi-tier structure, with deep imaging survey of 100 $deg^2$ using UKIRT to the depth of 23 AB mag, and a shallower imaging of interesting sources using the CQUEAN camera on the 2.1m telescope at McDonald observatory. This talk will give an overview of the survey strategy, the instrument development, and science highlights. The science highlights will include the discovery of high redshift quasars, high redshift galaxy clusters, GRBs, and other interesting sources. At the end of the talk, we will also present the future prospects of our study.