Apple - macOS Catalina watchdog timeout kernel panics
I've tried safe-booting which actually fixed the problem which let me to believe there was something about my standard suite of applications that was causing the kernel panics. Low and behold, I've identified the root cause to be Google Drive File Sync (
com.google.drivefs.filesystems.dfsfuse 38.0.16). I found this post on the support forums of Google which suggested to turn Spotlight indexing off for Google Drive. This didn't quite fix the problem for me, only reduced the frequency of crashes somewhat. I ended up completely removing Google Drive File Sync.