It seems I have the exact same problem. Everything, including the cursor, freezes on a daily basis, waits for a couple of minutes, and the I get the Apple equivalent of BSOD.
I send the crash report to apple regularly, but they don't get back in touch, so I thought I would just share my version of the same crash report here.
I am very willing to try and uninstall anything that might be the causing the issue, but so far nothing has worked, and I suspect it is an error in the OS. It never happened before in the years I have had my mac, but started with the "upgrade" to Big Sur.
panic(cpu 1 caller 0xffffff800ad6ea25): userspace watchdog timeout: no successful checkins from com.apple.logd in 120 seconds
service returned not alive with context : unresponsive dispatch queue(s): com.apple.firehose.io-wl
service: com.apple.logd, total successful checkins since wake (4340 seconds ago): 423, last successful checkin: 120 seconds ago
service: com.apple.WindowServer, total successful checkins since wake (4340 seconds ago): 423, last successful checkin: 120 seconds ago
Backtrace (CPU 1), Frame : Return Address
0xffffffb07fea3670 : 0xffffff8007ab9aed
0xffffffb07fea36c0 : 0xffffff8007bfc6e3
0xffffffb07fea3700 : 0xffffff8007becd1a
0xffffffb07fea3750 : 0xffffff8007a5ea2f
0xffffffb07fea3770 : 0xffffff8007ab938d
0xffffffb07fea3890 : 0xffffff8007ab9678
0xffffffb07fea3900 : 0xffffff80082be434
0xffffffb07fea3970 : 0xffffff800ad6ea25
0xffffffb07fea3980 : 0xffffff800ad6e678
0xffffffb07fea39a0 : 0xffffff800824569e
0xffffffb07fea39f0 : 0xffffff800ad6dab4
0xffffffb07fea3b20 : 0xffffff800824f86b
0xffffffb07fea3c80 : 0xffffff8007ba7d81
0xffffffb07fea3d90 : 0xffffff8007abf0e7
0xffffffb07fea3e00 : 0xffffff8007a95905
0xffffffb07fea3e60 : 0xffffff8007aad012
0xffffffb07fea3ef0 : 0xffffff8007bd0ec3
0xffffffb07fea3fa0 : 0xffffff8007a5f216
			Kernel Extensions in backtrace:
				 com.apple.driver.watchdog(1.0)[7AE04EA4-D026-39A0-B2D5-5C9E4EE72967]@0xffffff800ad6d000->0xffffff800ad6efff
Process name corresponding to current thread: watchdogd
Mac OS version:
20C69
Kernel version:
Darwin Kernel Version 20.2.0: Wed Dec	2 20:39:59 PST 2020; root:xnu-7195.60.75~1/RELEASE_X86_64
Kernel UUID: 82E2050C-5936-3D24-AD3B-EC4EC5C09E11
KernelCache slide: 0x0000000007800000
KernelCache base:	0xffffff8007a00000
Kernel slide:			0x0000000007810000
Kernel text base:	0xffffff8007a10000
__HIB	text base: 0xffffff8007900000
System model name: iMac15,1 (Mac-42FD25EABCABB274)
System shutdown begun: NO
Panic diags file available: YES (0x0)
Hibernation exit count: 0
System uptime in nanoseconds: 24183096429255
Last Sleep:					 absolute					 base_tsc					base_nano
	Uptime	: 0x000015fe90df4d29
	Sleep	 : 0x000012096edd9837 0x0000000044a88ce6 0x00000fddaaac4b4b
	Wake		: 0x0000120975d8aa22 0x00000000448a8499 0x00001209753c5c57
last started kext at 24103388303726: >usb.!UUserHCI 1 (addr 0xffffff7fa839d000, size 98304)
last stopped kext at 23988620653007: >!AXsanScheme 3 (addr 0xffffff8009266000, size 12288)
loaded kexts:
>usb.!UUserHCI 1
@filesystems.afpfs 11.3
@nke.asp_tcp 8.2
>AGPM 119
>!APlatformEnabler 2.7.0d0
>X86PlatformShim 1.0.0
@fileutil 20.036.15
>AudioAUUC 1.70
@filesystems.autofs 3.0
>!AUpstreamUserClient 3.6.8
@kext.AMDFramebuffer 4.0.2
@kext.AMDRadeonServiceManager 4.0.2
>!AMikeyHIDDriver 131
@kext.AMDRadeonX4000 4.0.2
>!AHDA 283.15
>!AMikeyDriver 283.15
>!AGraphicsDevicePolicy 6.2.2
@AGDCPluginDisplayMetrics 6.2.2
>eficheck 1
>pmtelemetry 1
>LuaHardwareAccess 1.0.16
@kext.AMD7000!C 4.0.2
|IOUserEthernet 1.0.1
>!A!IHD5000Graphics 16.0.1
|IO!BSerialManager 8.0.2f9
>!ALPC 3.1
@Dont_Steal_Mac_OS_X 7.0.0
>!AHV 1
>!ADiskImages2 1
>!AMCCSControl 1.14
>!ASMCLMU 212
>!A!ISlowAdaptiveClocking 4.0.0
>!A!IFramebufferAzul 16.0.1
>!AThunderboltIP 4.0.3
>!ATopCaseHIDEventDriver 4020.6
>!UTopCaseDriver 4020.6
@filesystems.tmpfs 1
@filesystems.hfs.kext 556.60.1
@BootCache 40
@!AFSCompression.!AFSCompressionTypeZlib 1.0.0
@!AFSCompression.!AFSCompressionTypeDataless 1.0.0d1
@filesystems.apfs 1677.60.23
@private.KextAudit 1.0
>AirPort.BrcmNIC 1400.1.1
>!ASDXC 1.9.0
|!ABCM5701Ethernet 11.0.0
>!AAHCIPort 346
>!ARTC 2.0
>!AACPIButtons 6.1
>!AHPET 1.8
>!ASMBIOS 2.1
>!AACPIEC 6.1
>!AAPIC 1.7
@!ASystemPolicy 2.0.0
@nke.applicationfirewall 310
|IOKitRegistryCompatibility 1
|EndpointSecurity 1
$SecureRemotePassword 1.0
@plugin.IOAVBDiscoveryPlugin 900.12
@kext.triggers 1.0
@kext.AMDRadeonX4030HWLibs 1.0
@kext.AMDRadeonX4000HWServices 4.0.2
>DspFuncLib 283.15
@kext.OSvKernDSPLib 529
>!AGraphicsControl 6.2.2
@kext.AMDSupport 4.0.2
|IOSerial!F 11
|IOAVB!F 900.12
@plugin.IOgPTPPlugin 900.11
|IOEthernetAVB!C 1.1.0
|IONDRVSupport 585
>!ASMBus!C 1.0.18d1
>X86PlatformPlugin 1.0.0
>IOPlatformPlugin!F 6.0.0d8
@!AGPUWrangler 6.2.2
|IOSlowAdaptiveClocking!F 1.0.0
>!ASMBusPCI 1.0.14d1
>!AHDA!C 283.15
|IOHDA!F 283.15
>!UAudio 401.4
|IOAudio!F 300.6.1
@vecLib.kext 1.2.0
|IOAccelerator!F2 439.52
@!AGraphicsDeviceControl 6.2.2
|IOGraphics!F 585
>!AThunderboltEDMSink 5.0.3
|Broadcom!BHost!CUSBTransport 8.0.2f9
|IO!BHost!CUSBTransport 8.0.2f9
|IO!BHost!CTransport 8.0.2f9
>!AHS!BDriver 4020.6
>IO!BHIDDriver 8.0.2f9
>usb.IOUSBHostHIDDevice 1.2
>!AMultitouchDriver 4400.28
>!AInputDeviceSupport 4400.35
>!AHIDKeyboard 222
>usb.networking 5.0.0
>usb.!UHostCompositeDevice 1.2
>usb.!UHub 1.2
>!AThunderboltDPOutAdapter 8.1.4
>!AThunderboltDPInAdapter 8.1.4
>!AThunderboltDPAdapter!F 8.1.4
>!AThunderboltPCIDownAdapter 4.1.1
>!ABSDKextStarter 3
|IOSurface 289.3
@filesystems.hfs.encodings.kext 1
|IOAHCIBlock!S 332
>!AThunderboltNHI 7.2.8
|IOThunderbolt!F 9.3.2
|IOUSB!F 900.4.2
|IO80211!F 1200.12.2b1
|IOSkywalk!F 1
>corecapture 1.0.4
>mDNSOffloadUserClient 1.0.1b8
|IOAHCI!F 294
>usb.!UXHCIPCI 1.2
>usb.!UXHCI 1.2
>!AEFINVRAM 2.1
>!AEFIRuntime 2.1
|IOSMBus!F 1.1
|IOHID!F 2.0.0
$!AImage4 3.0.0
|IOTimeSync!F 900.11
|IONetworking!F 3.4
>DiskImages 493.0.0
|IO!B!F 8.0.2f9
|IOReport!F 47
|IO!BPacketLogger 8.0.2f9
$quarantine 4
$sandbox 300.0
@kext.!AMatch 1.0.0d1
|CoreAnalytics!F 1
>!ASSE 1.0
>!AKeyStore 2
>!UTDM 511.60.2
|IOUSBMass!SDriver 184.40.6
|IOSCSIBlockCommandsDevice 436.40.6
|IO!S!F 2.1
|IOSCSIArchitectureModel!F 436.40.6
>!AMobileFileIntegrity 1.0.5
@kext.CoreTrust 1
>!AFDEKeyStore 28.30
>!AEffaceable!S 1.0
>!ACredentialManager 1.0
>KernelRelayHost 1
|IOUSBHost!F 1.2
>!UHostMergeProperties 1.2
>usb.!UCommon 1.0
>!ABusPower!C 1.0
>!ASEPManager 1.0.1
>IOSlaveProcessor 1
>!AACPIPlatform 6.1
>!ASMC 3.1.9
|IOPCI!F 2.9
|IOACPI!F 1.4
>watchdog 1
@kec.pthread 1
@kec.corecrypto 11.1
@kec.Libm 1