Beavers (genus Castor) are large, semiaquatic rodents of the Northern Hemisphere. There are two existing species: the North American beaver (Castor canadensis) and the Eurasian beaver (C. fiber). Beavers are the second-largest living rodents, after capybaras, weighing up to 50 kg (110 lb). They have stout bodies with large heads, long chisel-like incisors, brown or gray fur, hand-like front feet, webbed back feet, and tails that are flat and scaly. The two species differ in skull and tail shape and fur color. Beavers can be found in a number of freshwater habitats, such as rivers, streams, lakes and ponds. They are herbivorous, consuming tree bark, aquatic plants, grasses and sedges.

Beavers build dams and lodges using tree branches, vegetation, rocks and mud; they chew down trees for building material. Dams restrict water flow, and lodges serve as shelters. Their infrastructure creates wetlands used by many other species, and because of their effect on other organisms in the ecosystem, beavers are considered a keystone species.
Based on the given text, do beavers eat wood or do they only chop down trees for dams?
Beavers are herbivorous and are known to consume tree bark as part of their diet. However, beavers often build dams and lodges using fallen tree branches and other vegetation that they chew with their teeth in order to make materials for restricting water flow and shelter.